Al-Tijaria disclosure to Boursa Kuwait
Al-Tijaria renews KWD 28.65 million credit facilities for subsidiary
Annual renewal with a local Islamic bank includes KWD 2 million in short-term lines
The Commercial Real Estate Company (Al-Tijaria) has signed the annual renewal of the credit facilities contract for its subsidiary Al Mutajara Real Estate Company with a local Islamic bank, for a total of KWD 28,652,350. The package comprises the continuation of long-term cash credit limits of KWD 16,552,350, KWD 700,000 and KWD 9,400,000, and the renewal of short-term cash facilities of KWD 2,000,000. The financial impact will depend on the portion utilised.
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Saleh Ahmad Al-AryanCEO – Human Resources & Legal Affairs Group
