Mabanee Company (sakc)KSE: MABANEE

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

· Issued by Mabanee Company (sakc)

MABANEE COMPANY KPSC KSE:MABANEE:

  • SIGNS ISLAMIC FINANCING AGREEMENT FOR TOTAL AMOUNT OF KWD 60 MILLION

  • NEW FACILITY, INCLUDES KWD 50 MILLION AS NON-REVOLVING

    FINANCING FACILITY FOR 108 MONTHS, AND KWD 10 MILLION AS FINAL REVOLVING LETTER OF GUARANTEE LIMIT FOR 60 MONTHS

  • SIGNS AMENDMENT TO TAWARRUQ CONTRACTS LIMIT FOR TOTAL AMOUNT OF KWD 81.2 MILLION

  • KWD 29 MILLION TAWARRUQ CONTRACTS LIMIT WITH A REPAYMENT PERIOD OF 42 MONTHS

  • KWD 52.2 MILLION TAWARRUQ CONTRACTS LIMIT WITH REPAYMENT PERIOD OF 54 MONTHS

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