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FINANCIAL NEWS
Bahrain Financial Harbor receives $240m financing
24 Aug 2010
(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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