Sat, Oct 25, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials

Mumtalakat arranges $250 mln revolving credit facility

Posted on 02 September 2013

Bahrain Mumtalakat Holding Company, the investment arm of the Kingdom of Bahrain, today announced an agreement for a $250 million revolving credit facility. The revolving credit facility is with a group of local and regional banks with whom Mumtalakat enjoys a strong relationship, namely National Bank of Bahrain (NBB), as Mandated Lead Arranger and Facility Agent; Gulf International Bank (GIB), as Mandated Lead Arranger and Structuring Bank; along with Co-Arrangers, BBK, Arab Bank and Mashreq Bank.
Commenting on the financing, Mr. Mahmood Al Kooheji, CEO of Mumtalakat stated, “We are very pleased with this transaction which is a testament to Mumtalakat’s financial strength and demonstrates Mumtalakat’s close relationship with both local and regional banks………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 15018 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031