With reference to the abovementioned subject, and the CMA regulation issued on November 9, 2015, book number ten”disclosure and transparency” on the disclosure of material information. NIC announces that Munshaat Real Estate Projects Co. (K.S.C.P) has settled a partial cash settlement of the debt amounting to USD 2,250,000 of the fourth installment due on 30/06/2016.

There is no financial impact where they were previously recorded as income during this year according to the International Financial Standards.