Al-Arabiya Real Estate Reschedules KWD 61.4 Million in Credit Facilities

Al-Arabiya Real Estate Company signed a contract on 21 October 2026 to reschedule its credit facilities with a local bank, extending and amending banking facilities worth KWD 61,399,583. They comprise a KWD 50 million long-term loan due on 31 December 2030 and a KWD 11,399,583 loan repayable in five instalments, from 31 January 2027 to 31 January 2029. The financial impact will appear in Q4 2026 through a reclassification of current and non-current liabilities.