Written by: Ahmed Awad

Kuwait – Mubasher: Credit Rating and Collection (Tahssilat) shareholders gave a nod to offset part of the company's accumulated losses that amounts to KWD 12.119 million.

The firm will offset these losses through using the whole legal reserves that stand at KWD 612,470 in addaition to the total issuance allowance of KWD 5.4 million.

Tahssilat posted KWD 2.26 million in net losses in 2014, against KWD 1.43 million in the previous year.

Translated by: Shaimaa ELSarky