Staff Writer
MENA Homes Real Estate Company, a Kuwait-based developer, has renewed its $286 million loan facility with a local bank.
The Kuwait-listed United Real Estate Company owns a 48.45% in the company.
MENA Homes stated the expected financial impact at the associate level includes an improvement in the debt maturity profile, a reduction in financing costs, and an enhanced financial position and liquidity.
(Writing by Bindu Rai, editing by Brinda Darasha)
bindu.rai@lseg.com
Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.