Mubasher: KGL Logistics has signed an agreement with a local bank to obtain a loan valued at KWD 5.5 million.
This credit facility will be allocated for financing KGL Logistics’ business profile, according to a bourse statement issued on Monday.
The amount which will be used from this debt will reflect on KGL Logistics’ income statements ending on 31 December 2018.
It is noteworthy that earlier on Monday, KGL Logistics disclosed an increase of 6.2% in profits to KWD 2.07 million in the first quarter of 2018.
