$80 million term-loan facility

BMI Bank announced the signing of its three-year syndicated term-loan facility for $80 million (BD30.31 million).

The signing ceremony was held at the Capital Club in the Bahrain Financial Harbour and was attended by BMI Bank CEO Jamal Al Hazeem, Bank of Bahrain and Kuwait CEO AbdulKarim Bucheery, Standard Chartered Bank CEO Jonathan Morris, BankMuscat CEO AbdulRazak Ali Issa, Graham Scopes, senior vice president, global head of corporate and structured finance at Arab Banking Corporation along with senior representatives from participating banks.

The credit facility was arranged by BankMuscat with BBK, Standard Chartered and Arab Banking Corporation as participants.