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Mushrif Trading to Get $362 Million for New Projects, Qabas Says

May 26 (Bloomberg) -- Mushrif Trading & Contracting Co. KSCC, a Kuwaiti construction company, obtained initial approval from several banks for 100 million dinars ($362 million) in finance, Al-Qabas said, citing Managing Director Mohsen Dahkany.

The banks include Gulf Bank KSC, Burgan Bank SAK, Al-Ahli Bank of Kuwait and BNP Paribas, the newspaper reported.

The company plans to use the money to enter contracting projects as part of Kuwait’s development plan, the newspaper reported.

To contact the reporter on this story: Dahlia Kholaif in Kuwait at dkholaif@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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