Advertisement
| 06 December, 2016

Doha Bank signs deal to refinance Tornado Tower

Image used for illustrative purpose. A general view shows HSBC Bank Tower (L) and Doha Bank Tower (R) in Doha April 30,2012. REUTERS/Mohammed Dabbous

Image used for illustrative purpose. A general view shows HSBC Bank Tower (L) and Doha Bank Tower (R) in Doha April 30,2012. REUTERS/Mohammed Dabbous

REUTERS/Mohammed Dabbous

06 December 2016

Doha Bank has completed an arrangement with Tornado Company for re-financing the iconic Tornado Tower in West Bay. This long-term transaction is one of the largest individual ticket deals across the local banking sector. “The financing will strengthen Doha Bank’s relationship with the customer and its well reputed shareholders,” said Doha Bank Group CEO Dr R Seetharaman during the signing ceremony at the Tower.

Said Abu Odeh, general manager, Tornado Tower, said: “We are pleased that we have concluded the deal with a local bank like Doha Bank. The borrowing is in line with the strategic planning of the company.” Doha Bank continues its pledge to support growth of the Qatari Economy towards and beyond Vision 2030, by providing financial and advisory support to government-related and private sector projects.

Advertisement
© Gulf Times 2016