Kuwait-Mubasher: First Investment is currently in negotiations with a local credit bank to finalise debt settlement, according to a statement issued Thursday.

The credit facility is worth KWD 27.6 million ($91.38 million), the company said, adding that a previous statement clarified that the loan was renewed for six months starting from 18 November, 2015.

First Investment stock fell by 1.9% to 52 fils, a short while before closing Thursday’s session, as around 621,500 shares were exchanged at a value of nearly KWD 32,300.