Real Estate House, a subsidiary of Beyout Holding, has obtained a loan from Kuwait International Bank amounting to 2.24 million dinars (USD 7.24M).
The financing will be allocated to support one of the company’s projects, with borrowing costs exceeding 1.6%, according to a bourse disclosure by Beyout.
The filing further noted that a mortgage over the company’s assets has been provided as collateral for the loan.
Beyout’s real estate activities encompass the management of both residential and commercial properties through its subsidiaries.
