Mubasher: Kuwait-based Aayan Leasing on Thursday said that it has settled KWD 10 million of a debt owed to one of the banks, in addition to an interest of KWD 2 million.

The firm implemented an Islamic finance agreement (Murabaha) to renew the remaining amount, which stood at KWD 136 million, with a due date on 27 September 2018, according to a statement to Boursa Kuwait.

In September 2017, the Sharia-compliant business house had signed an agreement to reschedule the debt.

Aayan Leasing’s stock jumped 8.24% to 28.9 fils, after 8.9 million shares were changed hands, generating KWD 253,900 in turnover.