Mubasher: Kuwait Telecommunication Co (Viva) announced the signing of a credit facilities contract valued at KWD 40 million ($136 million) with Boubyan Bank.
The five-year credit facility deal will cover Viva’s financial profile in the current time and the future, according to a bourse statement on Monday.
Following this credit agreement, Viva is expected to achieve its targets to fund expansion into the local market, the CEO of Boubyan Bank, Adel Abdulwahab Al Majed, said.
