Kuwait Resources House Company for Human Resources Services and Management has completed the renewal of its general banking facilities agreement with Kuwait Finance House (KFH) for a total value of KWD 21,000,000 (twenty-one million Kuwaiti Dinars only), following an increase in both cash and non-cash facilities by an additional KWD 8,000,000 (eight million Kuwaiti Dinars only). This increase aims to finance the company's new projects both within Kuwait and abroad.
Additionally, the financing cost on all cash facilities has been reduced from 2% to 1.4% above the discount rate announced by the Central Bank of Kuwait.
It is worth noting that these facilities are jointly guaranteed by Beyout Investment Group Holding.