Financial and Banking News


Investcorp MOFF Raises $75mn

A multi-option financing facility (MOFF) issued by the Bahrain-based Arabian Investment Banking Corporation (Investcorp) has been increased from the original target of $60mn to $75mn as a result of strong demand from participating banks. Banque Indosuez is providing $7mn, while eight other managers are taking $5mn each: Alahli Bank of Kuwait, Al-Saudi Banque, Commercial Bank of Kuwait, Gulf Bank of Kuwait, National...