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Wed 30 Jan 2013 04:51 PM

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Bahrain Commercial Facilities signs $100m loan

Consumer finance and insurance provider signs loan to refinance debt

Bahrain Commercial Facilities signs $100m loan

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.

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