Credit Facility for UAE's GMMOS Group

Al khaliji Commercial Bank, the region's 'next generation' bank, participated as Lead Arranger in a US$185 million Syndicated Loan Facility arranged for Gulf Marine Maintenance and Offshore Service Company (GMMOS Group), a leading United Arab Emirates-based company.

GMMOS Group is considered a leading operator in the marine and engineering services related to the offshore oil & gas industry sectors, extending their services to blue chip Oil & Gas companies in the GCC region. The facility will be utilized to support GMMOS Group's growth plans in the offshore supply vessel sector with primary focus on the GCC and South East Asia, and future expansion potential in West and North Africa.

As Lead Arranger, Al khalijial Commercial Bank's participation is in line with the bank strategy to continue supporting prominent corporate institutions in the region and the economic and growth developments in the GCC. al khalijial Commercial Bank Acting Chief Executive OfficerBank, Audi Robin McCall commented: "Al khalijial Commercial Bank has built strong foundations underpinning historic and future success. The bank will continue to be an active player in the syndicated loan and debt capital markets and continues to build strong relationships with corporate institutions in Qatar and the region."- Zawya