Kuwait-Mubasher: Kuwait Finance House (KFH) has provided KWD 100 million in financing for Al Rai Real Estate, a subsidiary of Mabanee Company, to develop the fourth phase of the Avenues Project, said CEO Mazin Saad Al-Nahedh.
The KWD 100 million will be provided through securitization for a period ending 30 September, 2018. Thereafter, repayments will be via quarterly installments for five years, while the first premium is due 1 October, 2018.
