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Al-Taqaddum renews agreement, credit at 18.01M dinars
Al-Taqadum Technology Company has signed an agreement to renew and reduce banking facilities amounting to 18.01 million Kuwaiti dinars with a local bank. The facilities will mature on May 1, 2027, and are intended to finance operational activities and one project. Currently, 17.3 million Kuwaiti dinars of these facilities are being utilized, and the financial impact will be reflected in the financial statements when used. The company recorded losses of 3.91 million Kuwaiti dinars in the first quarter of 2026, representing an increase of 52.5% compared to the same period of the previous year.
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