Kuwait – Mubasher: Al Assima Real Estate Co., a subsidiary of Salhia Real Estate, signed credit facility agreement with two Islamic banks worth KWD 29.5 million, said a bourse filling.
The first loan amounts to KWD 15 million, will be paid over nine years, while the second loan amounts to KWD 14.5 million, and will be paid over eight years.
Earlier, Salhia Real Estate reported net profits of KWD 8.06 million for the first nine months of 2016, up from KWD 9.04 million a year earlier.
