“Bahrain and Kuwait” receives a 500 million US dollar loan facilities

The Bank of Bahrain and Kuwait, the pioneer in the field of banking services for individuals and institutions in the Kingdom of Bahrain, has succeeded in completing the facilities of a 500 million US dollar loan with a period of three years. These facilities, which were arranged by the Bank of Arab Banking Corporation, ABC, will be used to finance the strategic initiatives of the Bahrain and Kuwait Bank, support the growth of its business lines and re -financing the facilities in 2023.

In line with the sustainability goals of the Bahrain and Kuwait Bank and its efforts to diversify the sources of financing, the bank designed the facilities to include a sustainable option.

ABC Bank, Deniz AJ Bank, Emirates NBD Capital Ltd., SA, Abu Dhabi First Bank, SA, and Gulf International Bank. The main commissioners (IMLAS). Emirates NBA stalked the role of the facility agent.

On this occasion, Mr. Yasser Al -Sharifi, CEO of the Bank of Bahrain and Kuwait Group, said: “The successful completion of these facilities confirms the strong financial situation of Bahrain and Kuwait Bank and its commitment to sustainable growth.” He pointed out that this is a major achievement, given the volume of facilities, which doubled compared to the value of $ 250 million, which the Bank of Bahrain and Kuwait successfully completed in 2023, with the extension of the payment period to three years compared to the previous two years. Al -Sharifi expressed his gratitude to the participating banks and the most prominent strong relationships that the bank maintains with its counterparts. He stressed that the largest volume of new facilities reflects the strong financial performance of the bank and the market trust in the growth strategy of the Bank of Bahrain and Kuwait.

The participating banks also expressed their gratitude for the successful completion of the deal and wished the Bahrain and Kuwait Bank more growth and prosperity in the future. These facilities are evidence of Bahrain and Kuwait’s strategic vision and its ability to attract significant investments to support its long -term goals.