The company successfully settles its debt owed to Commercial Bank of Kuwait amounting to KD 11.9 million, in exchange for cash payment and the sale of 1.15 billion shares of its investment in Gatehouse Bank plc (equivalent to 7.3% of the bank’s share capital) to Commercial Bank of Kuwait at a price of 2.39 pence per share. This sale results in the recognition of a net gain of approximately KD 8.2 million.
