VOL. XLII

No. 19

10-May-1999

QATAR

Qatar痴 Ahmad Mannai Investment Company Secures $125Mn

According to a statement released by Gulf International Bank(GIB) on 3 May, Qatari-based investment company Ahmad Mannai & Companysigned a $125mn loan in Bahrain with a consortium of banks led by GIB, ArabBanking Corporation (ABC), National Bank of Oman and Barclays Bank. Thefacility is to be used to finance up to 100% of the cost of the acquisition byit of 66.6% of the shares of Mannai Corporation and is...