IFC to invest in Ahli United Bank

11 April 2011

Bahrain's Ahli United Bank (AUB) has signed an agreement with the International Finance Corp (IFC) to support the capitalisation and expansion plans of AUB. The World Bank's private-sector lender will invest in AUB through $125m in equity and $165m in subordinated debt. According to the agreement, the maturity date of the existing $200m subordinated loan raised in 2006 is to be extended from 2016 to 2018.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.