Agility Public Warehousing Company, listed on the Kuwait and Dubai Stock Exchanges, announced that the company has obtained a credit facility agreement from several banks, an increase of $ 75 million.
Agility said in a statement to the Kuwaiti Stock Exchange today, Thursday, that the agreement provides for the renewal and increase of its credit line from $ 725 million to $ 800 million.
and explained that the agreement with the existing banks and the addition of new local, Gulf and international banks, indicating that the term of these facilities is 3 years for some of them, and 5 years for the other section.
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In addition, Agility is also working to renew other credit facilities to increase the credit line up to $ 1.2 billion - $ 1.4 billion.
and stated that these facilities are intended to finance the company's projects, explaining that what is used from them will be reflected in the company's financial statements.
