Kuwait's Salhia Real Estate unit signs KWD10mn deal

(MENAFN) Al Assima Real estate Co., a 99.74 percent owned subsidiary of Salhia Real Estate, has inked a credit facilities deal with a regional Islamic bank at KWD10mn value.

Furthermore, the financing facilities will be utilized to fund a project by the subsidiary and will be repaid over seven years.

In addition, the project is forecast to be finished by 2020; these facilities will be realized as Islamic financing costs.



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