Kuwait – Mubasher: Salhia Real Estate said that its subsidiary, Al Assima Real Estate Co, has signed a credit facility contract with an Islamic bank.
This Murabaha limit stands at KWD 20 million that will be repaid over eight years, the company said in a bourse filing issued on Monday.
It added that the loan is for financing Al Assima’s business, with the project expected to finish in 2020.
On the stock level, Salhia gained 2.7% to close at 380 fils, after about 63,270 shares were exchanged at a value of about KWD 22,780.
