Kuwaiti logistics provider KGL strikes $35m finance deal

Kuwait-Mubasher: Kuwait and Gulf Link Transport (KGL) has signed a finance agreement with a Gulf bank for $35 million to boost the company’s operations.

The agreement has duration of five years, according to a bourse statement.

For the first five months of 2015, the logistics and land transportation investor posted around KWD 59,400 ($195,900) profits, against losses of KWD 1.16 million ($3.83 million) in 9M-14.

Mubasher Contribution Time: 10-Dec-2015 07:27 (GMT)