Bank nods to rescheduling Livestock Transport loan

Mubasher: Livestock Transport and Trading said that the Industrial Bank of Kuwait approved for the company to postpone the rescheduling of a financing agreement for a duration of a year and a half.

The loan repayment will start on 15 December 2019 instead of 15 June 2018, according to a bourse statement on Wednesday.

Meanwhile, the loan repayment will end on 15 June 2024 instead of 15 December 2022.

As for the financial impact, Livestock Transport will have a normal fixed interest of 3.5%.

Mubasher Contribution Time: 13-Jun-2018 11:58 (GMT)
Mubasher Last Update Time: 13-Jun-2018 11:58 (GMT)

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