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Inovest settles $3.26m debts with unit

Inovest settles $3.26m debts with unit
Photo Credit: Arabianeye-Reuters
Inovest
INOVEST
7.69% 0.28 0.02

Mubasher: Inovest said it has settled its entire debts with a fully owned company, according to a bourse statement issued on Sunday.

Inovest, which is listed on both Bahrain Bourse and Boursa Kuwait, said that the debts are worth $3.26 million.

It added that this settlement will have positive impact on the financial statements of the first quarter of 2017.