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Oula Fuel to get KWD 13m credit facilities from Boubyan, KIB

Oula Fuel to get KWD 13m credit facilities from Boubyan, KIB
Boubyan Bank has offered credit facilities worth KWD 6 million
KIB
KIB`R
2.16% 236.00 5.00
OULAFUEL
OULAFUEL`R
-0.99% 502.00 -5.00
BOUBYAN
BOUBYAN`R
0.00% 678.00 0.00

Mubasher: Oula Fuel Marketing has authorised its board of directors to sign loan contracts offered by both Boubyan Bank and KIB.

The credit facility contracts are valued at KWD 13 million ($43 million), according to a bourse statement on Wednesday.

Boubyan Bank has offered credit facilities worth KWD 6 million, while KIB offered contract valued at KWD 7 million.