Please wait...
GulfBase Live Support
- Bahrain All Share Index, Islamic Index close lower
- NIC partners with ZainTECH, marks a major milestone in digital transformation journey
- Boursa Kuwait marks key milestone in Capital Market Development Program
- EU blindsided by latest Trump tariff ultimatum
- Nesma & Partners buys Saudi group Al Yusr Industrial Contracting
- Saudi Arabia drives GCC IPO market in H1; nets $3.4bn in proceeds
- Oman's central bank issues treasury bills worth OMR10.25 million
- Oman, Türkiye sign pact on cooperation in energy sector
- Oman Flour Mills invests more than OMR6mn in local wheat procurement
- Saudi Arabia Emerges as Global Hub for Billion-Dollar Startups
22/04/2025 04:22 AST
QNB Group, the largest financial institution in the Middle East and Africa, stated that the recently announced $2bn unsecured syndicated term loan facility aims at extending the bank's financing maturity and
diversifying its funding sources.
In a statement to Qatar News Agency (QNA), the Group explained that the facility carries a five-year maturity and saw participation from a number of Asian financial institutions, including banks from Taiwan, China, Japan, Korea, and Mauritius.
QNB Group further noted that the interest rate on the facility is highly competitive, considering the size and duration of the transaction.
In light of fluctuating interest rates and expectations that the US Federal Reserve will implement three to four rate cuts this year, QNB Group noted that syndicated loans, such as the one it has recently secured, typically carry variable interest rates, positioning the Group to benefit from any future decline in rates.
Regarding the possibility of securing additional loan facilities during the current year, the Group stated that it maintains sufficient liquidity to meet its financing requirements.
However, it remains open to exploring opportunities as they arise.
Should suitable financing options become available in terms of duration and pricing, the bank will consider them accordingly.
QNB Group is present in more than 28 countries across three continents, with more than 31,000 employees operating through 900 locations and more than 5,000 ATMs.
QNA
14/07/2025
QNB Group continues to capitalize on attractive growth opportunities in regional markets to reinforce its banking leadership across the region.
This is evidenced by the opening of new intern
The Peninsula
02/06/2025
At the beginning of the year, the global outlook pointed to stable economic growth, against a backdrop of cautious optimism. Tailwinds included continued policy easing from major central banks, resil
The Peninsula
12/05/2025
QNB has launched a large brand campaign under the slogan "Blue is Everywhere: Always with you wherever life takes you".
The campaign reflects QNB's keenness to move beyond transactional bank
Gulf Times
| Ticker | Price | Volume |
|---|
15/07/2025
In a significant move to accelerate its digital transformation journey, the National Investments Company (NIC) has entered into a strategic partnership with ZainTECH, the digital solutions arm of Zai
Kuwait Times
15/07/2025
Oman Flour Mills Company (OFM) has invested more than OMR6 million in the procurement of locally grown wheat between 2021 and 2024.
The initiative, implemented in collaboration with the Mini
Times of Oman
15/07/2025
Saudia recorded strong operational growth in the first half of 2025, transporting over 17.5 million passengers, a 7.2% increase compared to the same period in 2024, according to the airline's latest
Saudi Gazette
14/07/2025
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has announced that it has secured the esteemed EcoVadis Platinum Rating certification for a second time.
The Ec
Trade Arabia
14/07/2025
QIIB has entered into a strategic partnership with Visa, a global leader in digital payments, to roll out the cutting-edge 'Click to Pay' feature with biometric authentication.
As one of the
Times of Oman
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia