(MENAFN- Khaleej Times) Finance House and National Bank of Bahrain (NBB) have signed a financing agreement for a 3-year medium size revolving funded facility that will be used to fund the growth of former's lending book and meeting general working capital requirements.
The signing ceremony took place at Finance House's headquarters in Abu Dhabi and was attended by Mohammed Alqubaisi, Chairman, Hamid Taylor, GM & T.K.Raman, GCFO of Finance House. National Bank of Bahrain was represented by Harshdeep S.Munjal, Country Head - UAE, Eyad Y.Sater, Abu Dhabi Branch Head.
Alqubaisi said: "Our ability to secure medium-term funding from NBB is a glowing testimony to the solid financial standing of Finance House and reinforces the confidence and trust placed in us by our leading banking partners."
"Finance House will forge ahead with its strategy of measured growth in niche market segments and pursue a conservative approach to liquidity management, both of which have proved to be fundamental necessities in the past, and shall continue to be so in the future," Alqubaisi added.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.