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Al Arabiya Real Estate Company, listed on the Kuwait Stock Exchange, signed on Wednesday a contract to reschedule credit facilities with a local bank with a total value of 61.4 million dinars, with the extension and amendment of banking facilities.
Al Arabiya reported that the facilities are distributed on the limit of a long-term loan of 50 million dinars due on December 31, 2030, and another loan of 11.4 million dinars, to be paid in 5 installments, the first of which is due on January 31, 2027, and the fifth on January 31, 2029, according to the company’s disclosure to the Kuwait Stock Exchange, today.
The company announced a loss in the first half of 2026 with 528.51 thousand dinars, a decline of 28.21% from the same period in 2025
The company pointed out that the financial impact of the rescheduling will appear in the financial statements for the fourth quarter of 2026, through the reclassification of traded and non-current liabilities.
It is noteworthy that the company had announced losses in the first half of the current year 2026 by 528.51 thousand dinars, a decline of 28.21% compared to 736.23 thousand dinars losses for the same period last year 2025.
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