Mubasher: Aqar Real Estate Investments Company received KWD 2.2 million worth of credit facilities from a local bank to finance the company's operating activities.

The loan is granted at an interest rate of 1.5% above the discount rate announced by the Central Bank of Kuwait (CBK), according to a stock exchange filing on Tuesday.

In 2019, the profits of Aqar Real Estate jumped by 108.8% to KWD 2.54 million ($8.35 million) when compared to KWD 1.21 million ($3.98 million) in 2018.