Mubasher: The Board of Directors of Unicap Investment and Finance has approved the First Kuwaiti Company for Educational Services, one of its subsidiaries, to sign a credit facility agreement worth KWD 2.82 million with Boubyan Bank.
The loan will support the subsidiary in financing its operating expenses amid the coronavirus (COVID-19) crisis, according to a bourse filing on Tuesday.
The deal will reflect positively on the unit’s future cash inflows and will enhance its liquidity.
