By: Ahmad Awad

“The year 2015 will be the launch of Sokouk,” said Chairman of Sokouk Holding Company Ghanem Yousef Al-Ghanem.

Answering Mubasher’s question, Al-Ghanem declared that Sokouk has rescheduled and refinanced its debts, as well as the debts of its subsidiaries.

“Total debts reached about KWD 30 million (nearly $101.2 million),” noted the Chairman.

Al-Ghanem clarified that “Sokouk is searching for opportunities to expand in new markets.”

He said that Sokouk does not intend to increase its stake in the affiliates.

Translated by: Ingy ElSafy