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Sovereign Wealth Funds Briefing - Categorized | Financials

Bahrain sovereign fund Mumtalakat signs $250 mln loan refinancing

Posted on 03 September 2013

Bahrain sovereign fund Mumtalakat said on Monday it had signed a $250 million loan to help refinance part of a larger five-year facility.
The revolving credit facility covers about half of a $500 million five-year loan which the fund had signed in August 2008. The other half had been partly repaid and partly refinanced over the past two years, the fund said in a statement. The loan forms part of Mumtalakat’s overall financing and funding strategy, Mahmood Al Kooheji, CEO of Mumtalakat, said in the statement………………………………………..Full Article: Source


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