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FinancialNews


  • 24-08-10

    Bahrain Financial Harbor receives $240m financing

    (MENAFN) Bahrain Financial Harbor, which houses banks and financial institutions, announced that it has received a $240 million Islamic facility to repay debt, Gulf Daily News reported. Several banks from Bahrain and the GCC region helped arrange the seven year Ijara facility, according to a joint statement issued by Bahrain Financial and the banks today. Bahrain Financial used the financing to repay a $134 million sukuk, according to the statement. The balance will be used to settle other obligations and for expansion, it said.

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