Mabanee Signs Agreement To Amend Existing Facilities And Secures New Financing Deal

About this update from Mabanee Company (sakc)

MABANEE COMPANY KPSC KSE:MABANEE:SIGNS ISLAMIC FINANCING AGREEMENT FOR TOTAL AMOUNT OF KWD 60 MILLIONNEW FACILITY, INCLUDES KWD 50 MILLION AS NON-REVOLVINGFINANCING FACILITY FOR 108 MONTHS, AND KWD 10 MILLION AS FINAL REVOLVING LETTER OF GUARANTEE LIMIT FOR 60 MONTHSSIGNS AMENDMENT TO TAWARRUQ CONTRACTS LIMIT FOR TOTAL AMOUNT OF KWD 81.2 MILLIONKWD 29 MILLION TAWARRUQ CONTRACTS LIMIT WITH A REPAYMENT PERIOD OF 42 MONTHSKWD 52.2 MILLION TAWARRUQ CONTRACTS LIMIT WITH REPAYMENT PERIOD OF 54 MONTHS

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