Kuwait's NBK says $280m loan provided to industrial firm

Loan to Kuwait Styrene Co will be used for general business purposes, says National Bank of Kuwait
Kuwait's NBK says $280m loan provided to industrial firm
National Bank of Kuwait
By Reuters
Tue 12 Jul 2016 02:20 PM

National Bank of Kuwait said on Tuesday it had provided a $280 million loan to Kuwait Styrene Co.

It did not elaborate on the length of the loan. The loan would be used for general business purposes, the bank said in a filing to the Kuwaiti stock exchange.

Kuwait Styrene Co was established in 2004 as a joint venture between Kuwait Aromatics Co and Dow Chemical Co.

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