Kuwait Finance House – Bahrain (KFH), a leading bank in the kingdom, has announced that it is allowing individual and corporate customers to defer domestic loan instalments and credit card payments for three months, in line with guidance from the Central Bank of Bahrain.
Emirates NBD said it has successfully closed $2.25 billion in long-term financing despite a challenging regional and global environment. The transaction includes a $1.75 billion five-year sustainability-linked syndicated term loan and a $500 million five-year Club Commodity Murabaha term facility.
The United Arab Bank (UAB) has announced the successful conclusion of its AED1 billion ($272 million) senior unsecured dual tranche term loan facility. The new two-year facility further boosts UAB’s liquidity position and its funding flexibility.
Mashreq, one of the leading financial institutions in the Mena region, said it has successfully closed its $2 billion syndicated loan with two tranches, a three-year and a five-year tranche. The transaction marks Mashreq’s return to the syndicated loan market after a decade. Its last syndicated loan issuance was in 2014.
Tabreed, a leading district cooling company, has announced the successful raising of AED1.8 billion ($490.13 million) new bank debt to support its strategic growth initiatives and optimise its capital structure.
