ASAR – Al Ruwayeh & Partners Acts as Bahrain Law Counsel to Eskan Bank in Major Syndicated Financing Transaction

The Bahrain office of ASAR – Al Ruwayeh & Partners (ASAR Bahrain) announces our role as sole lead counsel for Eskan Bank in their landmark syndicated finance transaction. The transaction was comprised of two Sharia-compliant Murabaha facilities, a USD 266 million term facility and a BHD 150 million term and revolving facility, totaling approximately USD 664 million to advance Eskan Bank’s corporate objectives.

The ASAR Bahrain team, led by Simone Del Nevo (Partner) and Rahul Sud (Senior Associate), ensured a seamless execution of the financing process, and provided tailored support to Eskan Bank throughout.

The USD facility was arranged by National Bank of Bahrain B.S.C. (NBB), Bahrain Islamic Bank B.S.C. (BisB), and Boubyan Bank K.S.C.P., while the BHD facility was arranged by National Bank of Bahrain B.S.C. (NBB) and Bahrain Islamic Bank B.S.C. (BisB).

Congratulations to all parties involved in the successful closing of this significant syndicated financing.