Mubasher: First Investment Company has announced that it has received a KWD 1.76 million payment from Kuwait Awqaf Public Foundation (KAPF), in addition to KWD 500 in legal fees according to a court ruling.

The KWD 1.76 million will be realised in the firm’s financial statement for the period ended 31 March, according to a bourse filing.

During the full-year 2018, First Investment reported a 68.1% year-on-year decline in profits, reaching KWD 239,500, compared to KWD 750,250.