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Kuwait's Injazzat reports $21.9m profit
- Kuwait: Saturday, October 13 - 2012 at 02:00
Kuwaiti real estate firm, Injazzat has reported a profit of KD6.16m ($21.9m) for relinquishing a usufruct right on one of its local plots of land, Zawya Dow Jones has reported. The company also said it has also signed a contract with another local lender to reschedule part of a debt totalling KD32m for six years plus a grace period of 16 months. Injazzat also repaid a debt owed to another local bank and amounting to KD6.95m.
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