Kuwait-Mubasher: Kuwait Reinsurance said that a favourable verdict has been issued on Tuesday entitling it to receive an amount of KWD 270,000 ($895,614) from Al Mal Investment, according to a recent statement.
No financial impact will affect the company’s position, since the court’s ruling is not final.
Kuwait Re’s stock saw no trading activity on Wednesday, while Al Mal settled at 35.5 fils after 15.02 million shares were traded with a value of around KWD 528,300.
