DUBAI: Al Mazaya Holding Company has signed an Islamic financing agreement with one of the Kuwaiti banks with total amount of KD 41.54 million to be used in refinancing and re-profiling existing outstanding facilities utilized by the group over past years.
The financing would also be used to finance the company’s real estate operations and investments.
This agreement will improve the cash flows and liquidity of the company during its tenor which will support the company’s ability to fulfill its commitments towards its operations, real estate projects and other creditors as well.
Al Mazaya provides various comprehensive real estate products and services in several fields, among them housing projects such as deluxe villas and high-class residential buildings, commercial projects such as office and retail buildings, and health projects such as medical centers. Al Mazaya also handles the purchasing and apportionment as well as the development of large spaces in selected areas. [the_ad id=”31605″]