PHOTO
Kuwait - Aqar Real Estate Investments Company has obtained Murabaha credit facilities from Boubyan Bank for one year that could be extended.
The loan will be rescheduled during three to six months, according to a bourse disclosure on Wednesday.
On Tuesday, the real estate firm announced received loans of KWD 2.2 million from an unnamed local bank at an interest rate of 1.5% above the discount rate announced by the Central Bank of Kuwait (CBK).
In 2019, the profits of Aqar Real Estate jumped by 108.8% to KWD 2.54 million ($8.35 million) when compared to KWD 1.21 million ($3.98 million) in 2018.
All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
