Mubasher: Al Imtiaz Investment Group announced that a local bank in Kuwait approved granting credit facilities to a subsidiary.
Al Imtiaz clarified that the bank approved a credit facility worth KWD 1.65 million to a 68.05%-owned subsidiary, according to a bourse statement on Thursday.
The financial impact of these credit facilities will be financing costs during the contract’s duration, which was not disclosed.
At the stock level, Al Imtiaz closed Thursday’s session 0.75% lower at 133 fils.
