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Kuwait Petroleum Corporation (KPC) has secured a KD1.5 billion ($4.87 billion) syndicated facility from Kuwait Finance House (KFH) to fund the state-owned oil company’s capital expenditure programme.
KFH has led the Islamic tranche valued at KD 675 million ($2.19 billion) and will manage its syndication. The bank will also act as the Islamic Investment Agent for the transaction.
KFH’s individual participation in the facility amounts to KD 405 million ($1.3 billion).
(Writing by Farah Heiba, Editing by Daniel Luiz)
