The Securities House has transferred 614 million of its shares in Al-Aman Investment to Kuwait Finance House (KFH), as part of an earlier settlement agreement.

After the settlement, The Securities House’s stake in Al-Aman Investment decreased to 80 million shares representing 40.7% of the capital, according to a bourse statement on Sunday.

On 12 November 2014, The Securities House, a Kuwaiti investment company, had signed an agreement to clear its KWD 42.9 million outstanding debt due to KFH, through a payment in-kind.