Tijara acquires loans worth KWD 10m

Kuwait - Mubasher: Tijara and Real Estate Investment Company announced that it has acquired banking facilities worth KWD 10 million ($32.8 million).

The purpose of these facilities is to finance the company’s activities, Tijara said on Thursday in a statement to Boursa Kuwait.

The company’s profits rose 4.8% reaching KWD 810,060 in 2016, compared to net profits worth KWD 772,980 in 2015.

The stock ended Thursday’s trading up 1.61% to 63 fils, with a turnover of KWD 11,240 through the exchange of 184,700 shares.

Mubasher Contribution Time: 30-Mar-2017 15:09 (GMT)
Mubasher Last Update Time: 30-Mar-2017 15:42 (GMT)