Bank ABC closes US$75 million term loan facility for the Industrial Bank of Kuwait
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
Bank ABC, one of MENA’s leading international banks, announced closing a 3-year US$ 75 million Term Loan Facility for Industrial Bank of Kuwait (IBK).
The Facility, which was finalised in December 2022, was arranged by Bank ABC, acting as sole Arranger.
The Bank also acted as the agent bank on this facility. Bank ABC hosted a signing ceremony at its Head Office in Bahrain on Sunday.
In attendance were Bank ABC’s Acting Group CEO, Sael Al Waary and IBK’s CEO, Ali A. Khajah along with other senior officials from both banks.
Al Waary said: “We look forward to serving IBK in our full capacity and further deepening our long-term relationship with them.”
Ali Khajah said “We believe IBK will continue to strengthen its relationship with Bank ABC across all financial services while promoting both organisations’ mutual interests in the near future.”
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