AUB closes US$84 million syndicated facility for BCFC
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
Ahli United Bank has announced the completion of an US$84 million syndicated facility arranged for Bahrain Commercial Facilities Company (BCFC), a key player in the domestic financing and insurance market.
Ahli United Bank and Bank of Bahrain and Kuwait acted as both the mandated lead arranger and book runner for this transaction, financed equally by both banks.
Othman Hijazi, Deputy Group CEO, Corporate Banking at Ahli United Bank, said, “The successful closure of this facility is a testament to AUB’s syndication capabilities, having attracted a valuable partner like the Bank of Bahrain & Kuwait to join hands in this t ransaction.”
Abdulla Bukhowa, Chief Executive Officer at BCFC, said, “The successful closure of this transaction is a natural outcome of BCFC’s underlying strengths, sound business model, talented management team, prudent risk management, and overall growth strategy.
Related Posts