Kuwait-Mubasher: Aayan Real Estate has signed credit contracts with an Islamic local bank, with a total value of KWD 13 million ($43.11 million), the company said in a statement issued Tuesday.
Aayan said that it concluded agreements for KWD 10 million ($33.2 million) securitization. The securities will mature over a five-year period. Another contract that marks Aayan as lessor was closed at a value of WD 3 million ($9.9 million) for also five years.
Financial impacts from signing these contracts will be registered in Q1-16 statements.
