Boubyan Petrochemical Renews Banking Facilities of About KD 83 Million

Boubyan Petrochemical Co. has signed an agreement renewing a previous group of banking facilities with a local bank, worth approximately KD 83 million, to finance the company's working capital requirements. The company says there is no material impact on its financial position currently; the financial impact will appear upon any further use of the unutilized portion of the facilities in subsequent periods.