|17 October, 2019

Kuwait KAMCO signs $16.45mln loan deal with local bank

The facilities will be used in financing the company’s current and future activities

Image used for illustrative purpose. Kuwait City at sunset.

Image used for illustrative purpose. Kuwait City at sunset.

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Kuwait - KAMCO Investment Company signed a KWD 5 million credit facility agreement with a Kuwaiti bank.

The facilities will be used in financing the company’s current and future activities, according to a bourse filing on Thursday.

KAMCO eyes to complete its draft merger with Global Investment House with the objective of establishing the biggest entity for the non-financial sector in Kuwait.

It is worthwhile to mention that over the first half of 2019, KAMCO’s profits leapt by 163.4% to KWD 1.11 million when compared to the corresponding period in 2018.

Source: Mubasher

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