Arabi ENERTECH Company, a subsidiary of Arabi Holding Group, has renewed a KWD 33.77 million credit facility agreement with a local bank.
In a statement issued to Boursa Kuwait today, Tuesday, the Company indicated that the maturity date of the agreement is 30 October 2026, nothing that there was no financial impact resulting from this agreement at the time being.
Arabi Holding reported a KWD 6.72 million in 9M2022, compared to KWD 5.69 million in losses for the corresponding period of 2021, up by18.1% due to issuing various bank guarantees.