ZAWYA: Kuwait’s Jazeera Airways renews $58mln bank facilities

About this update from Jazeera Airways Co. (ksc)

Staff WriterKuwait’s Jazeera Airways has signed a facilities renewal agreement with a local bank amounting to KWD 18 million ($58.3 million), covering a standby letter of credit, letters of guarantee and a revolving loan, subject to applicable interest rates and commissions in line with the bank’s terms.The company said the agreement has no material impact on its financial position.(Writing by Brinda Darasha; editing by Daniel Luiz)[email protected]: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

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