Kuwait – Mubasher: Kuwait Finance and Investment Company (KFIC) on Sunday said it received a loan worth KWD 2.2 million ($7.29 million) from the National Bank of Kuwait (NBK).
KFIC will use the new loan to repay bonds, it said in a bourse filing.
The new loan will bring the Kuwaiti investment company’s total debt to KWD 14.6 million ($48.37 million).
The loan will be paid over a four-year period ending in 2020 at annual instalment of KWD 1.4 million, KFIC added.
