Al-Mazaya Holding Company announced that it will sign two Islamic credit financing agreements with a Kuwaiti bank in the amount of 27.5 million dinars ($ 91 million).

The company, listed on the Kuwait and Dubai stock exchanges, said it would use those funds to restructure previously used and prepaid credit funds from the same bank over the past years.

Al-Mazaya clarified that it will also use these funds to finance the company's business and real estate investments.

She pointed out that these agreements will contribute to enhancing the company's cash and liquidity flows during its period of validity, which helps the company to fulfill its obligations towards its existing business and projects and all other creditor parties.

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