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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
-0.71% 139.00 -1.00
ABK
ABK
0.42% 240.00 1.00

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.