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Global House paid up all debts-sources

Global House paid up all debts-sources
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Written by: Ahmed Awad

Global Investment House cleared its entire debts, following the restructuring plan it implemented in 2013, sources close to the matter told Mubasher.

The company didn't undergo the selling of any of its assets to pay back creditors, assured the sources.

Global currently manages assets up to KWD 1.2 billion, which spread across portfolios and 24 investment funds.  

The company, whose shares are also listed in Bahrain and Dubai, has filed with Kuwaiti regulator to relist its shares on Kuwait Stock Exchange (KSE.

Global reported net profits of KWD 1.8 million for the first quarter of 2015.

Translated by: Shaimaa ELSarky