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FINANCIAL NEWS
Gulf Bridge Intl inks QR1bn deal to fund expansion plan
16 May 2017
(MENAFN) Gulf Bridge Intl (GBI) proclaimed the finishing of a notable loan refinancing deal that will permit the firm to explore new business and investment chances and to help its successful transformation.
Moreover, the firm sealed USD285mn loan refinancing deal with a main financial house in Qatar and the Arabian Gulf.
Accordingly, the added liquidity will support its transformation by permitting sustainable growth and boosted fiscal flexibility to launch new plans for business expansion.
Meanwhile, the loan will be long-term and will accelerate its ability to pursue organic and inorganic business chances through different geographies and verticals.
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MENAFN1605201700450000ID1095481783
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