The banks have cumulatively reported a 7.5% year-on-year increase
The talks come after Abraaj indicated it may step down as the manager of TPG’s The Rise Fund
The bank's Viability Rating (VR) has also been affirmed at 'bbb-'.
The loan, with a one-year maturity, is being arranged by Commercial Bank of Dubai, Emirates NBD, and Noor Bank, said the sources.
Bahrain credit default swaps soared to a 19-month high.
U.S. private equity firm TPG is in talks with investors in Abraaj's healthcare fund to take over management of the assets of the $1bln fund.
The money was claimed as refunds for tax deducted from stock dividends.
KIPIC will use the money raised to develop the terminal at Kuwait's Al Zour complex
Moody’s estimates that the merger would create the third-largest bank in Saudi Arabia
Internationally, the introduction of recovery and resolution regimes is progressing