ABK in a bourse disclosure: expected housing mortgage financing for eligible citizens is around KD 210,000

Al Ahli Bank of Kuwait says general market information points to total mortgage financing of around KD 210,000, of which KD 70,000 would be a zero-interest loan and KD 140,000 would be at the Central Bank of Kuwait rate plus a margin of 2% to 3%, with a tenor of up to 25 years. The bank expects the executive regulation within six months and results and market traction within two to three years.