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FINANCIAL NEWS
Abu Dhabi’s Arkan wins USD380m credit facility
20 Jun 2012
(MENAFN) Abu Dhabi-based Arkan raised USD380 million loan aimed to help refinancing its maturing debts and funding new projects, Arabian Business reported.
The construction materials firm said that the 78-month credit facility was secured from local lenders, adding that it will generate significant savings in interest cost over the repayment period.
Arkan plans to launch three new business units over the next three years.
Arkan’s current pipeline of projects includes Al Ain Cement Factory, Arkan Lime Plan and Arkan Dry Mortar.
More News
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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