Middle East Economic Survey

VOL. LII

No 44

2-Nov-2009

KUWAIT

NBK Signs $279mn Loan Agreement With KIPCO

The National Bank of Kuwait (NBK) has signed a loan agreement, worth KD80mn ($279mn), with Kuwait Projects Company (KIPCO), to finance the companys projects for a period of five years. The loan, which matures in 2014, precedes the $500mn seven-year international bond which KIPCO issued earlier this year. This deal is consistent with our strategy of actively managing our funding base through...