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Unicap inks KWD 20m loan deal with local bank

Unicap inks KWD 20m loan deal with local bank
Unicap received the approval for the loan in September
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Mubasher: The board of Unicap Investment and Finance approved to sign a KWD 20 million loan contract with a Kuwaiti local bank, according to a bourse statement on Monday.

During its meeting on Sunday, 13 October, the board also consented to sign the proposed settlement agreement with a client, and to ink the real estate participation agreement with a Kuwaiti firm.

In September 2019, the company received approval for credit facilities not exceeding KWD 20 million from a Kuwaiti bank.