KUWAIT (Archyde.com) – The Kuwaiti National Real Estate Company said on Sunday that its board of directors approved obtaining banking facilities from two local banks with a total value of 116 million dinars ($378.78 million).
The company said in a statement to the Kuwait Stock Exchange that the aim of this step is to repay existing banking facilities that the company previously obtained from a local bank and to finance the company’s operations.
(= 0.3063 dinars)
(Press coverage for the Arabic bulletin Ahmed Hajjaj – Editing by Muhammad Al Yamani)
