FINANCIAL NEWS

Bahrain’s Jawad signs USD235m loan

14 Apr 2015

(MENAFN) Bahrain’s Jawad Business Group, the leader in the consumer, retail and hospitality sectors, signed USD235 million loan to refund its current debit, Arabian Business reported.

Previously, the group loaned out USD215 million through a liquidated-gradual structure that is set to last for a period of five or six years. The rest of the sum is due through a revolving facility.

The group is presently running over 600 stores in the Gulf region. The loan’s coordinator is Mashreq, and First Gulf Bank and Ahli United Bank acted as the main underwriters for the loan.

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