Mubasher: Kuwait International Bank (KIB) announced that it has earmarked KWD 32 million in the funding provided to Kuwait Oil Tanker Co.
This sum represents 22.8% of the overall KWD 140 million funding, according to a bourse statement issued on Sunday.
KIB noted that the funding has a tenor of ten years and it is a sharia’a-compliant finance.
This funding will promote KIB’s profitability in the long term, in addition to diversifying the financial portfolio.
