Mubasher: International Financial Advisors (IFA) has announced the resignation of Kuwait Holding Company and Masader Al Ofoq General Trading and Contracting Company from the company's board membership.

The company has not mentioned the reasons for the resignation, according to IFA's disclosure to the Dubai Financial Market (DFM) on Sunday.

It is noteworthy to mention that in September, IFA has reached an agreement with a bank to settle a loan valued at KWD 24.98 million, excluding the interest rate due on 30 May 2019.