Salhia Real Estate repays credit facilities

The settlement will result in the reduction of financing costs in Salhia’s consolidated income statement

  
Mubasher:Salhia Real Estate has repaid credit facilities worth KWD 9.638 million obtained from an Islamic bank, the company said in a bourse statement.

The settlement will result in the reduction of financing costs in Salhia’s consolidated income statement, the real estate company said a disclosure to Boursa Kuwait.

On a side note, Salhia saw its profit falling by 18.7% year-on-year in the first nine months of 2019 to KWD 11.5 million from KWD 14.15 million.

Source: Mubasher

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