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Ahli United Bank (AUB)_secured a $800 million syndicated loan facility.
The facility, signed on September 5 in London, closed substantially oversubscribed on an initial launch amount of $500 million.
Twenty-eight banks from across the Middle East, Europe, North America and Asia participated in the facility.
It was arranged by Bayern LB, Commerzbank, Lloyds TSB Bank, Mizuho Corporate Bank and The Royal Bank of Scotland.
"We are pleased by the response. The success of the syndication in difficult international market conditions is proof of AUB's reputation in the market and the confidence that the participating banks have in our strategies." said Michael Collis, senior deputy group CEO.
AUB announced a 40.5 per cent rise in net profits for the first half of 2008 of $211.7 million, as compared to the same period last year.
