Doha Bank provides US$85mn to Kuwaiti project developer

dohabank-gabi-flickrQatar’s Doha Bank has closed a project finance deal worth US$85mn with Kharafi National of Kuwait

R Seetharaman, CEO of Doha Bank, said, “We are pleased to have the opportunity to finance Kharafi National. Doha Bank is committed to supporting the wider business community in Kuwait. For this reason, we see the potential to further grow our relationship with Kharafi National in terms of cross-selling our financial products and support their long term financial needs.”

Kharafi National is an infrastructure project water that specialises in water, wastewater treatment, reclamation, district cooling, solid waste management, enhanced oil recovery (EOR), facilities management for the petroleum, chemicals, power, water and commercial sectors in the MENA region.

Doha Bank, founded in 1979, is one of the largest commercial banks in Qatar. Doha Bank has won several awards for its sustained interest in funding industries and stakeholders.

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