Wednesday , January 20 2021

Bahrain Gulf Bank to raise $ 500 million



Dubai International Bank (GIB) said on Wednesday it raised $ 500 million from a three-year financing line to be used to refinance a landline and finance the bank's overall financing.

The facility is comprised of First Bank of Abu Dhabi, HSBC Bank Middle East, Natixis, Riyad Bank, Mizuho Bank, Samba Financial Group, Bahrain State Bank, Citibank and Wory Bank.

The bank said in a statement that First Bank of Abu Dhabi and HSBC Middle East had provided the facilities and accounting.

(Prepared by Moataz Mohammed for the Arabic edition – edited by Ahmed Elhamy)


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