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Published Date : 10 Feb 2014
As part of a hedging and cost cutting strategy, QPIC converts its KD loan to US Dollars

QPIC holds most of its assets and receives most of its income in United States Dollars. As part of a Hedging and Cost Cutting Strategy, QPIC has converted its Kuwaiti Dinars 40 Million loan to United States Dollars. This will results in savings for the Company.