FINANCIAL NEWS

Bahrain- Kanoo secures $36m loan

05 Jul 2010

(MENAFN) Bahrain-based Yusuf bin Ahmed Kanoo Group of Companies announced that it has signed a $35.8 million agreement with a local bank for financing the Kanoo Tower in the Diplomatic Area, Gulf Daily News reported.

This is in line with an agreement signed between the two last year, said Kanoo property company deputy chairman Saud Kanoo.

It is worth mentioning that the Kanoo Group of Companies is one of the largest independent, family-owned group in the Gulf. It was established in Bahrain in 1890 by Haji Yusuf bin Ahmed Kanoo.

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