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Advanced Technology secures $284m credit facility

Advanced Technology secures $284m credit facility
BURG
BURG`R
-6.41% 219.00 -15.00
ATC
ATC`R
-22.44% 605.00 -175.00

Advanced Technology announced that it has obtained a credit facility amounts to KWD83.6 million ($284 million) from Burgan bank.


The company said, in a bourse filing, it will use the loan to finance Farwaniya hospital's expansion project.


The loan comes as a part of a four-year’s credit facility's program, added the statement.


The total cost of Farwaniya hospital's expansion project is estimated at KWD72.12 million, stated the statement.