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.
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
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