Bank ABC closes $75m loan facility for Industrial Bank of Kuwait

Bank ABC, one of MENA’s leading global financial institutions, has successfully shut a three-year $75 million term lending facility for Industrial Financial institution of Kuwait (IBK).

The facility, which was settled in December 2022, was arranged by Bank ABC, acting as sole arranger. The financial institution also acted as the agent rely on this center.

Bank ABC held a finalizing ceremony at its head office in Bahrain on January 29. In attendance were Financial institution ABC’s Performing Team chief executive officer Sael Al Waary and IBK’s CEO Ali A Khajah in addition to various other senior officials from both financial institutions.

Al Waary stated: “Bank ABC is happy to be the sole arranger and also representative financial institution for this facility for IBK. The deal is an additional instance of our ingenious approach to supplying tailored monetary remedies and commitment to the advancement of the region. We expect offering IBK in our full capacity and more growing our long-lasting connection with them.”

Ali Khajah claimed: “We are pleased to engage in organization with a highly recognised banks such as Financial institution ABC. Our team believe IBK will continue to reinforce its relationship with Financial institution ABC across all financial services while advertising both organisations’ shared interests in the near future.”