Kuwait – Mubasher: KGL Logistics has signed a credit facility agreement with a local bank worth KWD 13.73 million ($45.48 million), according to a bourse filing on Thursday.

The agreement aims at backing the company's activities, the bourse filing indicated, adding that no financial impact is expected from this move.

In the second quarter of 2016, the company earned KWD 1.92 million, compared with KWD 1.75 million for the year-ago period.