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Noor repays last debt installment to National Industries

Noor repays last debt installment to National Industries
National Industries Group gave Noor a KWD 16 million loan
NIND
NIND
-1.26% 235.00 -3.00
NOOR
NOOR
0.00% 249.00 0.00
Default Company
7204.B
0.00% 0.00 0.00

Mubasher: Noor Financial Investment has paid off the last installment worth KWD 1.5 million ($5 million) in a loan granted by its parent company National Industries Group Holding.

In 2018, National Industries Group gave Noor Financial Investment a KWD 16 million loan, according to a bourse filing on Thursday.

It is noteworthy to mention that during the first half (H1) of 2021, the net profits of Noor rose by 76.7% to KWD 8.82 million, compared to KWD 4.99 million in the year-ago period.