Posted inBanking & Finance

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.

Follow us on

For all the latest business news from the UAE and Gulf countries, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page, which is updated daily.