Tuesday 30 August 2016
 
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credit facility

Bank Nizwa arranges $150m facility for South Sea Energy

Oman’s Bank Nizwa has signed an agreement to arrange $150 million credit facility to South Sea Energy (SSE) for development and production project in Block 17 in Musandam, a report said. SSE is a key partner in the joint ven

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Bank Nizwa arranges $150m facility for South Sea Energy

Oman’s Bank Nizwa has signed an agreement to arrange $150 million credit facility to South Sea Energy (SSE) for development and production project in Block 17 in Musandam, a report said. SSE is a key partner in the joint ven

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Al Khodari renews $45m Islamic credit facility

Saudi Arabia construction firm Abdullah Abdul Mohsin Al-Khodari and Sons has announced the renewal of its Islamic credit agreement with National Commercial Bank. The SR170 million ($45 million) funding will be used to provide bond

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Gulf Capital closes $231m credit facility

Gulf Capital, a top alternative asset manager, has closed a Dh850 million ($231 million) syndicated revolving credit facility lead arranged by Abu Dhabi Commercial Bank as initial mandated lead arranger and First Gulf Bank as mandated lead arran

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Ooredoo signs $1bn 4-year credit facility

Ooredoo, Qatar’s largest telecoms firm formerly known as Qatar Telecom, has signed a $1 billion four-year revolving credit facility, the company said in a statement on Wednesday. The loan was provided by 14 banks and will be

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DP World to repay $3bn loan with existing cash

DP World Limited today announced that it will use existing cash resources to repay all $3 billion outstanding under its revolving credit facility due to mature in October 2012.  The repayments will take place between April 4 and 10,

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DAE reaches deal with lenders

Dubai Aerospace Enterprise (DAE) has reached an agreement with its existing lenders on a new, four-year credit facility to replace the existing facility maturing on July 23, the company said. The value of the credit facility was not given

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Waha Capital inks $505 million credit facility

Abu Dhabi-based investment firm Waha Capital inked a deal for a $505 million credit facility and is "actively looking" to deploy the capital, it said on Monday. The three-year term and revolving facility was signed with eleven local and in

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Dubai World unit eyes debt deal, signs new loan

Drydocks World (DDW), a unit of debt-ridden Dubai World, expects talks on terms of its core debt to be concluded with months, after agreeing a new $200 million credit facility, an official statement said. The shipbuilding arm of Dubai Worl

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Taqa launches syndication of $3bn credit facility

The Abu Dhabi National Energy Company (Taqa), has mandated Bank of Tokyo-Mitsubishi, (co-ordinator), BNP Paribas, Citi, HSBC, Royal Bank of Scotland and Standard Chartered Bank (the bookrunners) to arrange a $3.0 billion revolving credit facility.

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