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Kuwait’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)
