Photo Credit: Arabianeye-Reuters
SOKOUK
SOKOUK`R
SOKOUK`R
Kuwait's Sokouk Holding announced that it has signed today February 2, 2014 debt rescheduling agreement with creditors.
The scheduling agreement marks a debt at amount KWD of 4.9 million ($16.6 million), said a bourse statement.
Under the agreement, the debt due date is shifted to April 1, 2017, added the statement.
Sokouk has posted KWD5.01 million ($17 million) net profit for 2014 compared to KWD18.23 million for the previous year, down by 72.5%.
Source:
Mubasher
