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FINANCIAL NEWS
Qatar to increase loan of up USD 2bn for Singapore Tower
14 Jun 2016
(MENAFN) Qatar Investment Authority has advanced banks for a loan of more than USD 2bn to finance its acquisition of Black Rock Inc.’s Asia Square Tower 1.
Moreover, the sovereign fund will borrow between USD 1.5bn and USD 2bn, asking not to be identified because the information is private.
Additionally, QIA proclaimed a deal to purchase the office tower from Black Rock for USD 2.5bn, which is the biggest office transaction in Singapore.
Meanwhile, QIA has invested almost USD 38bn in property around the world, with USD 21.7bn in office transactions and USD 7.5bn for hotels.
More News
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
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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