Seylan secures a USD 15 Million Term facility from RAKBANK by creditcardnewsupdates.com

Home | November 2016News | Seylan secures a USD 15 Million Term facility from RAKBANK

Seylan secures a USD 15 Million Term facility from RAKBANK
Seylan secures a USD 15 Million Term facility from RAKBANK
November 29, 2016
Seylan Bank raises USD15 Million funds in UAE's National Bank of Ras Al Khaimah (RAKBANK). The partnership will support the general expansion of the Foreign Currency Banking Unit through various geographies.

Seylan Bank has successfully raised funds in the Middle East by the strength of its banking operations and impressive track record to establish a 15 Million, 5 year US dollar facility from the National Bank of Ras Al Khaimah (RAKBANK) of the United Arab Emirates (UAE). Alpen Capital (ME) Limited, an investment banking advisory firm, also based in the UAE acted as the sole financial advisor to the transaction.

Seylan Bank will utilize the funds for general business development and portfolio gr...
View more at: http://www.1888pressrelease.com/seylan-secures-a-usd-15-million-term-facility-from-rakbank-pr-602657.html

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