Kuwait-Mubasher: Housing Finance (Iskan) repaid KWD 1.25 million as part of its financial obligation to a local bank, a move that will cut the debt figure in the Q1 report, according to one of three filings posted by the financieron Sunday.
In a second statement, the Kuwaiti company said that the court has ordered a payment of about KWD 117,060 to Iskan.
Iskan noted that no essential information or updates should have caused an extraordinary activity of the stock.
The stock ended Sunday’s session higher 1.79% to 28.5 fils after 3.26 million shares were exchanged with a value of about KWD 93,100.
