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FINANCIAL NEWS
Qatar- Gulf LPG secures USD200m loan
09 Dec 2012
(MENAFN) Gulf LPG Transport Company’s chairman, Muhammad Ghannam, announced that the company has signed a USD200 million loan agreement with a major Qatari bank to finance several projects, reported Arabian Business.
Ghannam said that the deal reflects the company’s ability to draw noteworthy funding to projects due to its financial strength and credit quality.
The transaction is forecasted to boost the prospect for future alike deals for both the company and its strategic financial partners.
The company, owned 50-50 by Nakilat and Milaha, is a Qatari liquefied petroleum gas (LPG) shipping firm.
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