Kuwait – Mubasher: Salhia Real Estate said that its 99.74%-owned subsidiary, Al Assima Real Estate Co, has signed a credit facility agreement with a local bank.
The loan contract is worth KWD 35.25 million ($115.21 million), according to a bourse filing issued on Wednesday.
Salhia clarified that the total value of the company’s account in the bank stands at KWD 75 million.
The loan repayment will be scheduled for a 15-year period, it added.
On the stock level, Salhia ended Wednesday’s trading session at 360 fils, after nearly 191,340 shares were exchanged at a value of about KWD 68,900.
