Khaleeji Commercial Bank arranges $67.8mn loan for project in Bahrain

Bahrain’s Lama Real Estate has signed an agreement with Khaleeji Commercial Bank to arrange a loan to finance Lama’s Liwan project, according to Mubasher on Tuesday.

The BHD 25.5 million ($67.81 million) loan will be arranged in collaboration with Kuwait Finance House – Bahrain.

Lama Real Estate, listed on the Bahrain Bourse and Dubai Financial Market, is 50 percent owned by Seef Properties.