Agility inks credit facilities deal with GCC, foreign banks

Kuwait – Mubasher: Agility Public Warehousing Company said Monday it concluded an unsecured credit facilities agreement with a number of GCC and foreign banks.

The facilities have a three-year tenure with two additional years.

The logistics company, which is listed on Kuwait and Dubai, added that the facilities value would not exceed $235 million and have not been used fully or partially so far.

Agility also noted that the loans would go for financing future projects.

Mubasher Contribution Time: 18-Jan-2016 07:17 (GMT)