The Mazaya Holding Company, listed in Kuwait and Dubai, has signed a credit limits agreement with KD 24.49 million ($ 81.21 million); To restructure the company indebtor.
"The amount of credit will be used to restructure the company's indebted origin at 227.7 million dinars, as well as funding costs Due to the bank, during the 6-year period.
The company explained that the first batch of credit amount deserved when signing the final contract, followed by equal payments for 5 years and deserves the last payment at the end of the contract duration on 31 January 2027.
"The company's losses have seen a slight rise last year by about 3.3 percent, up to 8.48 million dinars, against losses in 2019, 8.77 million dinars.
