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The chief executive officer of the International Financial Advisors Company (IFA) said the company, after implementing depreciation measures for accumulated losses, has eliminated the burden of losses.
Saleh Al-Sulami told CNBC Arabia that the company had completely ended the issue of extinguishing historical losses and had started with new capital as stipulated by law, according to Mubasher.
Al-Salami said most of the losses were related to books, but the company followed the law and opened a new page.
The Kuwait Stock Exchange (DFM) and the Kuwait Stock Exchange (DFM) announced today a public announcement last week that accumulated losses would be reduced by KD 57.3 million, with a capital reduction of 26 percent. , 67 KD. An increase of 557% over one year.
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