Kuwait KNPC to sign KWD900mn loans with KFH and NBK
Kuwait KNPC to sign KWD900 mn loan agreement with NBK and KFH state-owned Kuwait National Petroleum Company (KNPC) will sign a KWD900 mn loan accord with NBK and KFH. NBK will provide conventional tranche and KFH will provide the Islamic tranche of the loan, KNPC CEO Mohammad Ghazi Al-Mutairi says. This is as part of KNPC's borrowing needs to expand and upgrade refineries. Last year, KNPC announced that it will raise USD10 billion in loans for this purpose (Bloomberg)
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