Wednesday, 27 October 2021 10:29 GMT

Kuwait's Al Safat settles USD198.8M worth of debts with 5 different parties

(MENAFN)CNBC Arabia quoted chairman Abdulla Alterkait as saying that Kuwait's Al Safat Investment Company established 60 million dinars (USD198.8 million) value of debts with 5 different parties.

The official further declared that the company settled 85 cases filed against the company, with a rate surpassing 80 million dinars.

Alterkait also said that a number of investments that were affected in the previous period were departed.

He added that the company has more than USD150 million value of assets under management.

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.