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Wisaly, a wholly owned German subsidiary of Kuwait Investment Company (KIC), has secured a 23 million euros ($26.3 million) bank loan with a maturity of five years.
The Hamburg-headquartered company said proceeds of the loan will finance upcoming investment opportunities.
Wisaly is a real estate entity operated by the publicly listed KIC, one of Kuwait’s oldest investment firms that is 62.04% owned by the country’s wealth fund, the Kuwait Investment Authority, according to LSEG data.
(Writing by Bindu Rai, editing by Brinda Darasha)
