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Article: BKME arranges real estate finance of $111 million for Abyaar.
- Article from:
- CPI Financial
- Article date:
- June 28, 2009
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Byline: news@cpifinancial.net (Staff Writer)
The Bank of Kuwait and The Middle East (BKME) said it has arranged a new real estate financing facility for Abyaar Real Estate Development Company (Abyaar).
The facility follows the KWD 14 million ($48.7 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 collateralised by mortgage of Abyaar-owned income generating real estate properties," said a ...