Abu Dhabi-based Gulf Capital has announced that it has successfully closed a new long-term AED500 million ($136 million) syndicated revolving credit facility.
The alternative asset management firm said the new four-year facility will boost its liquidity and help it maintain its strong investment pace across the Middle East.
Dr Karim El Solh, CEO of Gulf Capital, said: “We are very pleased to be signing this long-term flexible revolver facility which will fully secure our current funding needs. Gulf Capital today is one of the best capitalised investment firms in the region and is evaluating a number of new investment opportunities across the region.”
He added: “We are looking forward to a productive 2019 as we maintain our investment pace and continue to work on a number of strategic exits over the coming year.”
Gulf Capital currently manages over AED11 billion of assets across eight funds and investment vehicles.For all the latest banking and finance 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.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.