Kuwait-Mubasher: Kuwait Finance House (KFH) said it has been granted the central bank’s permission for funding Clean Fuel Project with KWD 500 million ($1.65 billion), according to a statement.
Dated on 7 April, the approval allows KFH to provide the KWD 500 million financing as a maximum to Kuwait National Petroleum Company (KNPC), the project’s owner.
This finance will be exempt from KFH’s loan concentration rate until 31 December, 2022.
