Tuesday, Jun 14, 2011
DUBAI (Zawya Dow Jones)--Abu Dhabi-based investment firm Waha Capital (WAHA.AD) said it had secured a $505 million credit facility from 11 banks, which it will use for existing and new investments.
Waha, in a statement dated June 13 and posted on the Abu Dhabi bourse website, said the facility has a three-year term and was arranged by the company itself.
The banks that participated in the facility are First Gulf Bank, Emirates NBD Bank, HSBC Bank Middle East, Union National Bank, Gulf International Bank, Abu Dhabi Commercial Bank, Maybank International, Deutsche Bank, Nomura International, Societe Generale, J.P. Morgan.
Waha is "actively looking to deploy this capital in existing and new investments," Waha chief executive officer Salem Rashid Al Noaimi said in the statement.
-By Nicolas Parasie, Dow Jones Newswires; +9714 446-1681; nicolas.parasie@dowjones.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
14-06-11 0456GMT
