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Oula Fuel borrows KWD 3.8m from ABK

Oula Fuel borrows KWD 3.8m from ABK
Oula Fuel closed Thursday’s session at 111 fils
OULAFUEL
OULAFUEL`R
-44.82% 277.00 -225.00
ABK
ABK`R
3.85% 297.00 11.00

Mubasher: Oula Fuel Marketing has obtained credit facilities worth KWD 3.8 million ($12.5 million) from Al Ahli Bank of Kuwait (ABK).

Oula Fuel clarified that no financial impact can be currently determined; however, these facilities will be registered in the income statements of the company, according to a bourse filing on Thursday.

At the stock level, Oula Fuel closed Thursday’s session at 111 fils.