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MENA Homes Real Estate Company, a Kuwait-based developer, has renewed its $286 million loan facility with a local bank.
The Kuwait-listed United Real Estate Company owns a 48.45% in the company.
MENA Homes stated the expected financial impact at the associate level includes an improvement in the debt maturity profile, a reduction in financing costs, and an enhanced financial position and liquidity.
(Writing by Bindu Rai, editing by Brinda Darasha)
