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19 July 2016Reflecting the firm's capability as a leading specialist in providing legal counsel in the credit markets spaceKuwait - ASAR - Al Ruwayeh & Partners (ASAR), one of the region's top tier firms, announced today that it has acted as Kuwait law counsel to the National Bank of Kuwait (NBK) in relation to its loan worth USD 280 million for Kuwait Styrene Company (TKSC).TKSC's credit facilityPress Release - 19-Jul-2016
13 July 2016'Demonstrates leading role as supporters of national enterprise'KUWAIT: The National Bank of Kuwait (NBK) has concluded a financing agreement with The Kuwait Styrene Company (TKSC), giving the latter access to US $280 million in credit facilities. The loan, secured with NBK acting as sole underwriter, will be used for general corporate purpose spending at TKSC.The agreement was signedKuwait Times - 13-Jul-2016
National Bank of Kuwait said it had provided a $280 million loan to Kuwait Styrene Co.It did not elaborate on the length of the loan.Reuters News - 12-Jul-2016
Kuwait -- The Kuwait Styrene Company (TKSC) announced realizing a net profit of USD 97 million for the fiscal year ending 31 December 2015, in comparison to a net profit of USD 126 million during 2014.Press Release - 09-Feb-2016
On this occasion, TKSC Board Chairman Hadi Abul said, "As the only Kuwaiti producer and exporter of Styrene Monomer (SM), the company has continued realizing notable net profits despite a number ofPress Release - 15-Feb-2015
The doubts that OPEC can maintain its supply-cut deal are turning into a certainty.
Despite Trump's withdrawal, business groups have identified significant benefits from the climate change accord.