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World16 February 20221 min read

Bahrain’s Oil & Gas Holding hires banks to refinance $1.6 billion loan

Reuters | Dubai The Daily Tribune – www.newsofbahrain.com Bahrain's Oil & Gas Holding Company has hired Gulf International Bank (GIB) and Mashreq to refinance an existing $1.6 billion Murabaha facility, GIB said yesterday. "The proposed transaction will have both Islamic an

Editorial Team Legacy

Published 16 February 2022, 8:00 · Updated 21:29

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Bahrain’s Oil & Gas Holding hires banks to refinance $1.6 billion loan

Reuters | Dubai

The Daily Tribune – www.newsofbahrain.com

Bahrain’s Oil & Gas Holding Company has hired Gulf International Bank (GIB) and Mashreq to refinance an existing $1.6 billion Murabaha facility, GIB said yesterday.

“The proposed transaction will have both Islamic and conventional tranches and will be sustainability linked,” GIB told Reuters in response to a query.

Oil & Gas Holding and Mashreq did not immediately respond to requests for comment.

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