Monday 22 September 2014
 
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Bahrain Steel signs $340m loan facility

Bahrain Steel, previously known as Gulf Industrial Investment Company, has successfully closed the syndication of its $340-million senior secured term and revolving credit facilities. The facilities are split between a seven-year

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Dubal holds talks with banks on raising loan

Dubai Aluminium (Dubal) has held talks with banks about raising a loan to help fund its general operations, the first time the firm has commissioned such a facility in years, three banking sources told Reuters. While it is a rarit

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Naseej-Eskan in key property deal

Bahrain-based real estate developer Naseej has signed an agreement with Eskan Bank enabling the bank's loan allottees to buy property at the Al Madina Al Shamaliya or the new North Town being built in Bahrain. Naseej managing

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Oman Oil inks $1.85bn two-part loan facility

Oman Oil Company, the sultanate's state-run oil firm, has completed a $1.85 billion two-part loan deal with a group of mainly international lenders, two sources familiar with the matter, with the cash to be used for general business purposes

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Dubai's Meraas ‘seeks up to $4 billion loan’

Meraas Holding, a state-owned property firm that is developing some of Dubai's most ambitious real estate projects, is in talks with banks to raise up to $4 billion, sources aware of the matter said on Monday. The emirate in t

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Dubai Duty Free reprices $1.75bn loan for second time

Airport retailer Dubai Duty Free (DDF) is repricing a $1.75 billion syndicated loan for the second time in just over a year to obtain more favourable terms, a fresh sign of banks' willingness to lend cheaply to the emirate. Th

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Dubai Duty Free reprices $1.75bn loan for second time

Airport retailer Dubai Duty Free (DDF) is repricing a $1.75 billion syndicated loan for the second time in just over a year to obtain more favourable terms, a fresh sign of banks' willingness to lend cheaply to the emirate. Th

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ABC in $750m syndicated loan facility success

Arab Banking Corporation (ABC) has announced the successful closing of a $750 million syndicated term loan facility. The initial mandated lead arrangers and bookrunners are HSBC Bank Middle East Limited, National Bank of Abu Dhabi

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Bahraini bank ABC upsizes loan facility to $750m

Bahrain's Arab Banking (ABC) has signed to obtain a $750 million three-year loan facility from a group of banks, expanding the facility from an originally planned $500 million. The facility, to be arranged by HSBC, National Bank of

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Emirates agrees to $425m loan for two A380 jets

Dubai's Emirates Airline has agreed to a $425 million loan from a group of banks to fund the acquisition of two Airbus A380 superjumbos, one of the lenders said. Abu Dhabi Islamic Bank (Adib), Commercial Bank of Dubai and Dubai Isla

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