Kuwait – Mubasher: National Investments Co. (NIC) said Munshaat Real Estate Projects has repaid portion of its debt to the company, as per the amicable settlement reached between them.
The company added, in a bourse filing Wednesday, that it received $2.25 million (KWD 681,000) from Munshaat.
NIC also noted that it would register KWD 2 million as profits in the first quarter of 2016, including the installments that will come due this year.
In late December, NIC received $2.25 million in partial debt repayment.
