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Al-Taqaddum Extends and Reduces Credit Line
Al Taqadum Technology Company has signed a renewal contract for banking facilities amounting to 18.01 million Kuwaiti Dinars with a local bank, which will expire on May 1, 2027, to finance its operational activities and certain projects. The company has used up to now 17.3 million Kuwaiti Dinars of these facilities, and their financial impact will be reflected in future reports. In the first quarter of 2026, the company recorded losses of 3.91 million Kuwaiti Dinars, an increase of 52.5% compared to the losses in the same quarter of the previous year.
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