Mubasher: Kuwait and Gulf Link Transport (KGL) announced that it intends to sign a credit facility contract valued at $14.37 million (KWD 4.3 million) with a local bank.
KGL will ink this deal to finance the company’s business, according to a bourse statement on Sunday.
The financial impact of this credit facility deal will reflect on the income statements of fiscal year ending on 31 December 2018.
At the stock level, KGL closed Sunday’s session 19% higher at 120 fils to be the top winner.
