By: Ahmad Awad

Kuwait-Mubasher: Al-Mal Investment has restructured all its KWD 70 million debts, said CEO Abdulwahab Al-Mutawaa.

The CEO added that Al-Mal has presented a plan to restructure a KWD 278,000 debt, yet it was rejected by the creditors.

Al-Mal exited its investments in Qatar due to losses worth KWD 14 million, the CEO noted, adding that the company plans to exit all of its external investments in the coming period.

The investment firm will decrease its capital, said Al-Mutawaa.

Al-Mal’s extraordinary general meeting will discuss on Sunday, 19 April, the capital reduction to KWD 66.95 million from KWD 67.22 million.