15 Jun 2011
(MENAFN) Gulf Capital Chairman, Hareb Al Darmaki, said that in order to block the liquidity gap in the market caused by the global financial crisis, the Abu Dhabi based alternative asset management company would start a credit fund of USD300 million for the Middle East and Turkey, reported The National.
Al Darmaki added that the fund would be the largest one to launch in the Middle East; it would provide fast growing businesses and investors with credit and acquisition finance.
He also said that credit expansion from traditional avenues was still limited, especially that bank lending in the region was restricted by the stresses of corporate restructuring and low appetite for new risk.
It is worth noting that Gulf Capital started negotiations with pension funds, sovereign wealth funds and other institutional investors, in the Gulf and globally, that are interested in investing in the fund.
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
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
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more