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Bahrain's Mumtalakat Holding agreed to a $500 million, 5-year revolving credit facility from a number of lenders, reported Sovereign Wealth Fund Institute.
The deal was concluded by the end of December 2014.
The banks involved in the credit facility are ; Bank of Tokyo-Mitsubishi, BNP Paribas, Deutsche Bank and Standard Chartered, as well as local institutions Arab Banking and National Bank of Bahrain provided the loan.
The money will be used for general purposes and to refinance exising debt.
According to local filings, Mumtalakat controls 49% of the National Bank of Bahrain.
In November, Mumtalakat raised a $600 million - denominated sukuk.
The deal was concluded by the end of December 2014.
The banks involved in the credit facility are ; Bank of Tokyo-Mitsubishi, BNP Paribas, Deutsche Bank and Standard Chartered, as well as local institutions Arab Banking and National Bank of Bahrain provided the loan.
The money will be used for general purposes and to refinance exising debt.
According to local filings, Mumtalakat controls 49% of the National Bank of Bahrain.
In November, Mumtalakat raised a $600 million - denominated sukuk.
Source:
Mubasher
