Senergy Holding Co. announced that its subsidiarie Senergy Oilfield Solutions Co. and Gulf International Contracting Company (GIC)— have signed annual renewal agreements for credit facilities with a local Islamic bank.
The agreements include amendments to the credit facility limits, raising the total to KWD 6,046,000 — an increase of KWD 1,908,000 from the previous amount. The purpose is to finance the operational activities of both companies and support the continuity of their business operations.