United Arab Bank P.J.S.C. (“United Arab Bank”, “UAB” or the “Company”) has mandated Arab Banking Corporation (B.S.C.) (“Bank ABC”) as Initial Mandated Lead Arranger and Bookrunner to arrange on its behalf a USD 125 million syndicated term loan facility (the “Facility”). The Facility was signed on 5th August 2015 and will be used by United Arab Bank for general corporate purposes. The Facility carries a tenor of 3 years.
Syndication was launched today and is expected to close in September 2015.