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Investor Relations
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FinancialNews
17-06-19
Kuwaiti Aayan's settlement in KSA to see USD1.1m profit
(MENAFN) Kuwait's Aayan Leasing and Investment is expected to register about USD1.1 million of profits through its recent settlement in Saudi Arabia.
This settlement was delivered to Saudi Arabia through Mashaer Holding Co, an affiliated company with Aayan Leasing and Investment.
In a statement, Aayan confirmed that its forecast profit will be recorded at the last payment within thirty days following the issuance of a clearance certificate from the Saudi General Authority of Zakat and Tax (GAZT).
Aayan announced recently that it took delivery of a letter from the GAZT accepting settling zakat and value-added tax (VAT) issues.
MENAFN1706201900450000ID1098646843
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