Mubasher: Oula Fuel Marketing has signed a KWD 9.5 million facility agreement with Warba Bank.

The new loan will not impact the company’s current financial status, Oula said in a bourse statement, adding that it would disclose any effect resulting from the usage of the loan.

The Kuwait-listed company posted a 13.1% year-on-year increase in net profits during the first nine months of 2018, registering KWD 3.54 million.