Mubasher: Kamco Invest announced that it has renewed a credit facility provided by a local bank, according to a statement to Boursa Kuwait on Monday.

Under the new agreement, the bank credit facility limit has been increased by KWD 5 million.

The aim of the deal is to finance the company’s current and future activities, Kamco disclosed.

CI Ratings recently affirmed the company’s long and short-term foreign currency ratings at 'BBB' and 'A3', respectively, with a stable outlook.