Mubasher: Equipment Holding has repaid and rescheduled credit facilities valued at KWD 3.50 million that was allocated from a local bank in Kuwait for a subsidiary.

The Boursa Kuwait-listed company has repaid a deposit worth KWD 1.75 million in addition to KWD 1.55 million representing loans balance after repaying the deposit that was rescheduled until 13 August 2022, according to a bourse statement on Tuesday.

Following the rescheduling of the credit facilities, Equipment Holding’s liabilities were reduced by KWD 1.75 million in addition to decreasing the annual interest.

At the stock level, Equipment Holding closed Tuesday’s session 0.35% lower at 28.2 fils.