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KFH inks facility contract with KNPC

KFH inks facility contract with KNPC
Photo Credit: Arabianeye-Reuters
KFH
KFH
-0.96% 723.00 -7.00

Kuwait-Mubasher: Kuwait Finance House (KFH) confirmed signing a finance contract of Kuwait’s Clean Fuel Project with Kuwait National Petroleum Company (KNPC), according to an issued statement.

Islamic banks have a KWD 490 million ($1.62 billion) share of the funding, of which KWD 275 million ($910.96 million) will be financed by KFH.

On KSE’s level, the stock of KFH ended Thursday’s session rising 1.03% to 490 fils, after 2.35 million shares were traded through a value worth KWD 1.14 million.