Kuwait – Mubasher: Al-Deera Holding Co. said Sunday it generated KWD 194,800 profit from the partial repayment of around KWD 6.21 million debt, out of KWD 11.84 million loan.
The company added it rescheduled the repayment of the remaining KWD 5.63 million, saying the related financial impact will be shown in financial statements for the fourth quarter of 2015.
Chairman Talal Al Bahr said in June his company was in talks with creditors to roll over KWD 27 million ($89.23 million) debts.
