Bank of Sharjah Signs Deal for $135 Million Term-Loan Facility

Bank of Sharjah (BOS), a lender in the United Arab Emirates, said it signed an agreement for a $135 million club term-loan facility with a group of banks.

The two-year loan will be used for “general corporate purposes, specifically for dollar-denominated transactions,” the bank said in a statement to the Abu Dhabi bourse today. Commerzbank AG, National Bank of Abu Dhabi, Intesa Sanpaolo and Wells Fargo & Co. (WFC) arranged the loan.

To contact the reporter on this story: Shaji Mathew in Dubai at shajimathew@bloomberg.net

To contact the editor responsible for this story: Inal Ersan at iersan@bloomberg.net

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