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Article: Global receives $75m term loan facility from WestLB.
- Article from:
- Kuwait Times (Kuwait City, Kuwait)
- Article date:
- September 12, 2006
CopyrightCOPYRIGHT 2006 Kuwait Times. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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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