Mubasher: Gulf Investment House (GIH) clarified that it has no information over what was published in today’s local newspaper over restructuring the company through selling a debt worth KWD 20 million, according to a bourse statement issued on Sunday.

Sources have told Al Jarida newspaper that a debts restructuring plan is being processed to save GIH from defaulting to repay its debts.

Early on Sunday, the stock of GIH gained 2.06% to reach 24.8 fils.