Kamco to get $75m loan
Kuwait City, July 9, 2007
Kipco Asset Management Company (Kamco) will sign a three-year deal for a $75 million syndicated loan to help settle loans and finance operations, the firm said.
Kamco did not name the creditors in a statement, but said they are regional lenders.
The loan has a 1.25 per cent interest above LIBOR, the statement added.
Kamco is a unit of conglomerate Kuwait Projects Company.