Kuwait- Mubasher: Sanad Holding Company announced that its board of directors approved on Tuesday an external finance worth up to KWD 15 million.
The company said that the financial impact of the finance will reflect on its financial position through an increase in assets, offset by a rise in loan commitment, according to a bourse filing released on Wednesday.
During its meeting, the board also adopted the financial statements for the first nine months of 2016, which showed a net profit of KWD 172,440 ($566,140), compared to KWD 13,330 ($43,760) for the same period last year.
