AlQabas quotes sources that TID has acceded to the Central Bank of Kuwait's demands that it increase reserves and provisions in its year end 2008 financial statement. The CBK has earlier (much earlier in fact) rejected the statements presented by TID. AlQ's sources expects that the earliest the financials, including those for the first three quarters of 2009, will be submitted is at the end of February. It will take some time for the CBK to complete its review before the financials are approved for release. The period will depend on to what extent TID has met all of the CBK's requests.
Hopefully, the news is accurate. And that TID will be able to publish its financials and move on with its rescheduling.
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