Article: Global receives $75m term loan facility from WestLB.

Byline: Sajeev K Peter

Sep. 12--KUWAIT -- Global Investment House (Global) has signed an agreement with WestLB AG, the London branch of the German banking giant, to receive a $75 million syndicated loan facility. The loan amount has been increased by $25 million from the original amount of $50 million. The three-year term loan will support Global's ambitious expansion strategy in the GCC and Mena region. Addressing a press conference at the Global office yesterday, Maha Al-Ghunaim, Vice-chairperson and Managing Director of Global, said, "We are delighted to announce that we have mandated WestLB to raise a $75 million syndicated loan that will help us ...

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