02.09.2013 - Mumtalakat arranges $250 mln revolving credit facility
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
Print