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FINANCIAL NEWS
Saudi’s Bahri, Apicorp launch USD1.5bn fund
18 Jul 2016
(MENAFN) National Shipping firm of Saudi Arabia ‘Bahri’ proclaimed that it signed a deal with Arab Petroleum Investments Corp. (Apicorp) to launch USD1.5bn fund.
Additionally, the fund will be seeded with USD500mn on three occasions, subject to conditions, and will subscribe to 15 percent of the fund’s capital.
The firm will offer the remaining 85 percent, and will be the manager for the fund and responsible for arranging finance.
Both sides predicted to finish the remaining processes and undertake the first phase of fundraising at the end of Q3 of 2016.
More News
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
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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