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2013 Sep 24

Waha Capital secures a USD 505 Mil Term and Revolving Credit Facility with local, regional and international banks

14 June 2011, Abu Dhabi, UAE: Waha Capital, the Abu Dhabi-based diversified investment holding company listed on the Abu Dhabi Securities Exchange, today announced that it entered into a US$ 505 Million Term and Revolving Credit Facility with eleven local, regional and international banks.

The facility is for a term of 3 years and was arranged by the company itself. The banks that participated in the facility included First Gulf Bank PJSC, Emirates NBD Bank PJSC, HSBC Bank Middle East Limited, Union National Bank PJSC, Gulf International Bank B.S.C., Abu Dhabi Commercial Bank PJSC, Maybank International (L) LTD., Deutsche Bank A.G., London Branch, Nomura International PLC, Societe Generale, London Branch and J.P. Morgan Limited.

Salem Rashid Al Noaimi, CEO of Waha Capital, said, “It speaks highly of Waha's capabilities and reputation in the market that we can secure such a facility today. I would like to highlight the quality of the banks that are supporting Waha through this important phase in the growth and development of the company. We are currently actively looking to deploy this capital in existing and new investments.

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