Kuwait-Mubasher: Salbookh Trading has reversed AED 8.9 million provision that has been set aside as backup for the aggregates producer in case a dispute between a UAE unit and its debtor was resolved unfavourably.
The company noted in a bourse statement that the total provision amounts to AED 11 million (KWD 912,000).
The Kuwaiti company also stated that the financial impact from this action will be registered in the company’s Q4-15 financials.
