Askari Bank Limited Arranges USD 50 Million Facility for KE

Askari Bank Limited with Standard Chartered Bank recently closed a Financial Facility of USD 50 Million for KE. This is Askari Bank’s first collaboration with GuarantCo, which is Private Infrastructure Development Fund beneficially owned by the governments of the United Kingdom, Switzerland, Australia and Sweden.

Besides being one of the Mandated Lead Arrangers, Askari Bank is also the Local Facility Agent for this transaction.

The financing documents were signed at KE head office by Moonis Alvi, CEO and Rizwan Pesnani, Head of Treasury from KE, Shazad Dada, CEO, SC, Syed Jafar Raza, Head of Investment & Transaction Banking Askari Bank, and Lasitha Perera, CEO, GuarantCo.