Kuwait-based Heavy Engineering Industries & Shipbuilding Company (HEISCO) has renewed a credit facility arrangement with a local bank for up to 86.5 million Kuwaiti dinars ($281 million).

The facility will be used to finance the company’s activities.

Any financial impact and details about the amounts to be utilised will be disclosed in the financial statements over the coming quarters.

 (Writing by Brinda Darasha; editing by Seban Scaria)  

brinda.darasha@lseg.com