Bahrain Commercial Facilities signs $100m loan

Consumer finance and insurance provider signs loan to refinance debt

Bahrain Commercial Facilities Company, a consumer finance and insurance provider, signed a US$100m loan to be used to refinance existing debt and for working capital, a bourse statement from the facility's arranger said.

The loan will run for three years and was arranged by Ahli United Bank. Other banks who provided contributions were BBK, Gulf International Bank, Ahli Bank, Arab Bank, Arab Banking Corporation , Bank Sohar and BNP Paribas.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

NOTE: Comments posted on arabianbusiness.com may be printed in the magazine Arabian Business

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
First bank merger in 20 years sets Saudi Arabia up for more deals

First bank merger in 20 years sets Saudi Arabia up for more deals

Q&A look at what the planned merger of HSBC and RBS’s Saudi ventures...

A natural move: How Dubai Chamber is strengthening its ties in Latin America

A natural move: How Dubai Chamber is strengthening its ties in Latin America

With vast resources and more than half-a-billion people, the...

If Saudi future's so bright, why can't these banks find buyers?

If Saudi future's so bright, why can't these banks find buyers?

No big-name global banks eager to buy stakes in Saudi banks,...

Most Discussed
sponsoredTracking