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Mumtalakat secures $500m loan from banks
Bahrain-based sovereign fund Mumtalakat has secured a revolving credit facility of $500m from various banks. Mumtalakat plans to use the five-year loan amount for general business purposes as well as to refinance existing debt, Reuters reported. Bank of Tokyo-Mitsubishi, BNP Paribas, Deutsche Bank and Standard Chartered, as well as local…
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