NOOR
NOOR
-0.88%
224.00
-2.00
NOOR
Mubasher: Noor Financial Investment said the court of cassation has issued a ruling on 11 July 2018 in favor of Noor against The Investment Dar.
Upon the court ruling, The Investment Dar will pay KWD 10.08 million to Noor Financial, according to a bourse statement on Sunday.
Noor has previously acquired a provision of 100%, if the court ruling is executed, it will reflect positively on the company’s profits with the estimated amount of KWD 10.17 million in addition to 7% as interest on the amount starting from 12 October 2008 until it is fully paid.
Source:
Mubasher