People walk past Mashreq bank in Dubai, United Arab Emirates July 26, 2017. REUTERS/Nawied Jabarkhyl
Bahrain’s Oil & Gas Holding Company has hired Gulf International Bank (GIB) and Mashreq (MASB.DU) to refinance an existing $1.6 billion murabaha facility, GIB said on Tuesday.
“The proposed transaction will have both Islamic and conventional tranches and will be sustainability linked,” GIB told Reuters in response to a query.
Oil & Gas Holding and Mashreq did not immediately respond to requests for comment. Reporting by Yousef Saba and Saeed Azhar; Editing by David Goodman
This article was originally published by Reuters.