NBK arranges $56.8 m syndicated facilities for Al Khorayef

KUWAIT: National Bank of Kuwait (NBK) and Al-Khorayef Group, a leading Saudi group, signed yesterday a financing agreement to arrange a $56.8 million syndicated facilities with a tenor of five and a half years. The facilities will be used by Al Khorayef Group for its project with Kuwait Oil Company (KOC) for the supply of the electrical submersible pumping systems (ESP), the largest pr