Al Dur Power & Water Company, one of the largest power generation and water desalination companies in Bahrain, has announced to close a US$1.3bn refinancing, replacing the one originally provided in 2009.

The new financing was provided by a syndicate of 20 banks including local, regional and international banks. The refinancing facilities extend up to 14 years and include US$450mn of conventional facilities and US$850mn of Islamic facilities.

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