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|23 April, 2019

UAE's Gulf Capital finalises $136.1mln credit facility - statement

The four-year facility will be used to increase the company's liquidity and for investments in the Middle East

Abu Dhabi skyline.

Abu Dhabi skyline.

Getty Images/Cultura Exclusive/Lost Horizon

DUBAI  - Abu Dhabi-based asset management firm Gulf Capital said on Tuesday it had finalised a 500 million dirham ($136.14 million) syndicated revolving credit facility from its existing lenders.

The four-year facility will be used to increase the company's liquidity and for investments in the Middle East, it said in a statement.

($1 = 3.6728 UAE dirham)

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(Reporting by Stanley Carvalho, writing Alexander Cornwell and Kirsten Donovan) ((Alexander.Cornwell@thomsonreuters.com;))