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13-Jul-2016

NBK provides USD280mn loan to Kuwait Styrene Co

National Bank of Kuwait said on Tuesday it had provided a USD280mn 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. (Reuters)   NBK: KWD0.56 as of 12 July 2016, Rating: Buy, FV: KWD0.82 per share, MCap: USD9,878mn, NBK KK / NBKK.KW  

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