Mubasher: International Resorts has signed a credit facility agreement to finance capital requirements.

The loan deal is worth KWD 500,000 ($1.64 million), according to a bourse statement issued on Tuesday.

The financial impact from this loan agreement will be an annual interest rate of 5.25%, as well as a commitment commission of 0.5% which will be deducted in advance.

At the stock level, International Resorts ended Tuesday’s session 2.63% higher at 39 fils, after 10.2 million shares were traded at a value of about KWD 404,100.