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Bahrain-based Al Baraka Islamic Bank has signed an agreement with leading real estate development company Sayacorp Aqar to provide funding for the reclamation and infrastructure works at its residential project, Sayaland, in Busaiteen.
Bahrain's Oil and Gas Holding has secured a $200 million credit facility from a banking syndicate led by Al Baraka Islamic. It comes at a time when noga gears up for its strategic transformation, from oil and gas company to a progressive energy company.