Mubasher: Business partners owe KWD 1.407 million in debts to Kuwait Cable Vision Company, the Kuwaiti firm chairman told Al Rai newspaper.

Farah Media Company’s debts owed to Kuwait Cable amounted to KDW 182,000, while ShahrZad Company’s unsettled amounts to the provider of satellite TV stations reached KWD 543,500, along with KWD 682,300 in outstanding amounts according to court rulings, Imad Al Sakr added.  

The official further noted that Kuwait Cable seeks to utilise its infrastructure and satellite broadcasting licence to rebroadcast satellite, video, and audio channels through optic fiber cables.

The company’s shareholders approved not to distribute cash dividends and remuneration for the fiscal year 2018 during a meeting held on Sunday, 9 Sunday.