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Article: Global receives a US$300 million syndicated loan.
- Article from:
- Middle East and North Africa Business Report
- Article date:
- June 10, 2007
CopyrightCOPYRIGHT 2007 Middle East and North Africa Business Report. 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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Jun. 10--Global Investment House "Global" signed today an agreement to receive a general syndicated loan of USD300 million from a group of regional and international banks.
The 3 -- year term loan is a vast increase from the proposed syndication agreement of USD150 million facility between Global and Abu Dhabi Commercial Bank, Standard Bank, West LB Ag, who were the Mandated Lead Arrangers and underwriters.
Mrs. Maha Al-Ghunaim, Chairperson and Managing Director of Global signed the agreement in a special ceremony at the company's headquarters with three mandated lead arrangers.
"We are delighted to have 29 major international banks participate ...