Kuwait’s Petrogulf pays off 2nd tranche of CIB’s debt restructuring agreement

Updated 1/30/2024 1:02:00 PM
Kuwait’s Petrogulf pays off 2nd tranche of CIB’s debt restructuring agreement

Arab Finance: Kuwait-based Gulf Petroleum Investment Company (Petrogulf) has paid the second tranche of its previously signed debt restructuring agreement with Egypt's Commercial International Bank (CIB), as per a statement sent to Bours Kuwait.

The second tranche amounted to $2 million, and the company has to pay the remaining $1.285 million third tranche before March 20th.

 

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