Doha – Mubasher: Ahli Bank has signed a credit facility agreement worth $195 million, according to a bourse statement issued Tuesday.

The loan has maturity period of three years, with the participation of a group of other banks.

The banks consortium includes Arab Banking Corporation, Barclays, Commerzbank Luxembourg, First Gulf Bank, HSBC, Mizuho Bank, and Standard Chartered Bank which act as main bookrunners and subscription officials. Union National Bank also participated as a key bookrunner.

Ahli Bank clarified that this loan will help in meeting the bank’s settled requirements, chairman Faissal Al Thani said.