Abu Dhabi's Aldar Properties has secured a 4 billion dirham ($1.09 billion) credit facility from National Bank of Abu Dhabi, a deal expected to help the struggling developer manage its liquidity needs.
The three-year revolving fa
Saudi Oger, a top construction group, said it has reached a deal with a group of leading banks to secure a landmark $800 million senior term loan facility and a SR3.97 billion ($1.05 billion) advance payment guarantee facility to fund the Kin
Ahli United Bank (AUB) has extended the final maturity date of its syndicated term loan facility by six months to April 2012, a statement from one of the bookrunners said.
The loan dated September 5, 2008 was set to mature in October 2011.
Dubai is in talks with the United Arab Emirates federal government to create a state-funded loan facility to help firms access finance as international capital dries up, the Financial Times said on Wednesday.
The facility would be similar
Bahrain Mumtalakat Holding Company has launched a $500 million loan facility, in its first debt capital financing.
National Bank of Bahrain (NBB) has been mandated by Mumtalakat to lead and arrange the syndicated loan facility.
Bahrain-based Gulf International Bank (GIB) has arranged a $100 million syndicated term loan facility for the UAE-based New Medical Centre (NMC).
GIB acted as sole coordinator and mandated lead arranger for the facility, which will be used