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KIB to settle debt with customer

KIB to settle debt with customer
Photo Credit: Arabianeye-Reuters
KIB
KIB`R
47.69% 288.00 93.00

Kuwait International Bank (KIB) said that one of its debtors has requested a local bank to offer a debt settlement plan to the KIB.

The two banks are currently carrying out the primary procedures to complete the debt settlement.

KIB’s capital stands at KWD 103.7 million, with a par value of 100 fils per share.