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Article: BKME arranged a real estate finance of KD 32 million for Abyaar.
- Article from:
- Mena Report
- Article date:
- June 28, 2009
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Summary: The Bank of Kuwait and The Middle East (bkme) announced that they have arranged a new real estate financing facility for Abyaar Real Estate Development Company (Abyaar). This facility follows the success of the KD 14 million financing extended to Abyaar at the beginning of the year. This is a landmark deal in the Kuwait financial sector especially in the wake of the global financial crisis and is collateralized by mortgage of Abyaar-owned income generating real estate properties.
The Bank of Kuwait and The Middle East (bkme) announced that they have arranged a new real estate financing facility for Abyaar Real Estate Development Company (Abyaar). This ...