Mubasher: Al Masaken International Real Estate Development has signed a financing agreement, murabaha, with Boubyan bank at a value of KWD 5.28 million ($17.5 million).

The financial impact of this murabaha contract cannot be determined in the current time, Al Masaken said in a bourse disclosure on Sunday.

Last week, Al Masaken announced signing a contracting agreement valued at KWD 3.42 million ($11.3 million) to build a residential tower.