Mubasher: Salhia Real Estate said that its 99.74%-owned subsidiary, Al Assima Real Estate Co, has signed an agreement with a local bank to obtain credit facilities worth KWD 10 million ($32.65 million).
The loan agreement will be renewed on an annual basis, the company said in a bourse statement, noting that this loan deal is for financing Al Assima’s business.
At the stock level, Salhia reached 380 fils by the end of Monday’s session.
