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English news

17-Mar-2016

Agility close to securing USD800 million banks’ financing 

Agility is in the final stages of securing USD800 million in financing, according to the company’s CEO Tarek Sultan. He said that the source of the financing would be from local and foreign banks, but did not provide names. He added that Agility would be one of the first companies to enter the Iranian market after sanctions imposed on the country are lifted. Agility will be interested in bidding for Kuwait's airport and ports if their management is offered for privatisation, Sultan further stated. Kuwait's Finance Minister Anas al-Saleh said on Monday that the government would seek to privatise state-owned assets including airports, ports and some facilities of national oil giant Kuwait Petroleum Corp. (Reuters)

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