Kuwait – Mubasher: Salhia Real Estate secures KWD30 million ($98.77 million) credit facility to finance its Capital Real Estate company.

The Salhia will repay the credit facility over nine years and will obtain it from Islamic Bank.

The company will capitalize the credit facility until the end of the project by 2020.

Salhia posted net profits of KWD2.6 million in Q2-2016, down from KWD4.2 million for the same period a year earlier.