Kuwait-Mubasher: Kuwait Finance House (KFH) said that no mortgage contracts were declared to be null and void regarding KFH’s debts due to creditors, according to a bourse statement.
KFH clarified that it was not part of the verdict issued by the court of cassation regarding the null mortgage contract issued by an Islamic bank in return for debts worth $200 million.
No financial impact shall affect KFH’s financial position or its guarantees.
On Monday’s trading session, the stock rose by 3.13% or 15 fils to settle at 495 fils, after 2.86 million shares were traded and generated KWD 1.4 million.
