Kuwait – Mubasher: Al Imtiaz Investment Group has reached an agreement with a local bank to repay additional payments in return for credit facility contract.

An amount of KWD 1.52 million was transferred as part of the deal, according to a bourse statement issued on Sunday.

This repayment process will lower the company’s total debts to KWD 13.43 million from KWD 14.95 million.

On the stock level, Al Imtiaz went down 1.41% to 70 fils by the end of Sunday’s session after 30,000 shares were traded at a value of nearly KWD 2,100.