Mubasher: Al Madar Finance and Investment has collected KWD 1 million to be followed by closing an indebtedness of a client in the financing portfolio.

The debt settlement will result in profits valued at nearly KWD 781,940 as provision repayment and other expenses, according to a bourse disclosure on Tuesday.

Al Madar noted that the financial impact will be registered in the income statements of the fiscal year ending on 31 December 2018.