Clarification from Kuwaiti Finance and Investment Company (KFIC)

Kuwait Stock Exchange (KSE) announces that it has received a letter from the Kuwaiti Finance and Investment Company (KFIC) as follows: 

Referring to the instructions of the Capital Markets Authority (HMA / QAR / 2/2/2012) regarding the disclosure of material information The company has reached an agreement with one of its customers to settle its debt so that the company obtains some of the assets in kind as well as the collection of cash payment. The financial impact of that settlement reached a profit of approximately KD 400 thousand, which will be recorded Among the results for the fourth quarter of this year