The long-term facility was obtained from Gulf International Bank.

The strategic partnership, which initially began in 2020, brought to market a new digital GIB financing platform to ensure swift and efficient access to finance.

Gulf International Bank (GIB) said on Sunday that it has closed a $625 million sustainability-linked syndicated loan (SLL), making it the first Bahrain-headquartered bank and the first majority Saudi-owned bank to close such a facility. The bank said the deal was substantially oversubscribed with commitments exceeding the initial facility amount...

For the first half of 2021, GIB reported a net profit of $17.7million.

*Award honors institutions that identify new paths and design new tools in finance  *Selections made on the inputs of reporters who are experts on the functions being served by the innovators The Gulf International Bank BSC (GIB) has been named the winner in two key categories in Global Finance magazine’s “The...