The company successfully settles its debt owed to Burgan Bank of amounting to KD 10.2 million in exchange for the sale of 984.5 million shares of its investment in Gatehouse Bank plc (equivalent to 6.2% of the bank’s share capital) to Burgan Bank at a price of 2.39 pence per share. This sale results in the recognition of a net gain of approximately KD 200 thousand.
