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Bahrain's ABC arranges $250m loan for Sohar Bank

Bahrain's ABC arranges $250m loan for Sohar Bank
Photo Credit: Arabianeye-Reuters
Bank ABC
ABC
-9.14% 0.32 -0.03
Sohar International
BKSB
61.70% 0.23 0.09

Mubasher: Sohar Bank has successfully closed a debut $250 million syndicated 3-year term loan facility.

Arab Banking Corporation (ABC) acted as the sole initial mandated lead arranger and coordinating bank, said a bourse filling.

Sohar Bank will use the facility for general funding purposes.