Kingdom Holding closes refinancing deal for $381m loan

Saudi Arabia's Kingdom Holding, the investment firm of billionaire Prince Alwaleed bin Talal, has completed the refinancing of a 350 million euro ($381.3 million) loan facility, it said on Monday.

The loan, backed by the Four Season Hotel George V, was extended by a consortium of three banks, Kingdom Holding said in an emailed statement.

Credit Agricole Corporate and Investment Bank, Natixis Pfandbriefbank and Societe Generale Corporate and Investment Banking acted as co-lead arrangers, the statement said, while Credit Agricole acted as facility and security agent.

The transaction closed on Oct. 16, it added.

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.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Are the troubles easing for Saudi construction giant Binladin?

Are the troubles easing for Saudi construction giant Binladin?

Gulf kingdom's biggest builder appears to have pulled back from...

Statistics fog raises risk as cheap oil hits Gulf

Statistics fog raises risk as cheap oil hits Gulf

Sharp revision of economic data in Saudi Arabia suggests its...

Why banking in the Gulf will never be the same again

Why banking in the Gulf will never be the same again

New technologies are emerging in banking and finance at a rapid...

Most Popular
Most Discussed
sponsoredTracking