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Commercial Facilities signs $80m loan facility with 3 banks

Commercial Facilities signs $80m loan facility with 3 banks
Photo credit: Company's website
AUB Bahrain
AUB
0.21% 0.97 0.00
Bank ABC
ABC
-9.86% 0.31 -0.03
Bahrain Facilities
BCFC
4.76% 0.22 0.01

Mubasher: Bahrain Commercial Facilities Company (BCFC) said Sun day that it has closed a 5-year term loan facility worth $80 million.

Signed on 22 September, the facility was arranged by Ahli United Bank (AUB), Arab Banking Corporation (ABC) and BNP Paribas, according to a bourse filing.

The facility is aiming to fund continued growth in the BCFC lending portfolio and for their other general business needs.