Doha Bank provides project finance to Kharafi National

Doha Bank, the leading private commercial bank in Qatar, has successfully closed a Project Finance deal of KD 25 Million with Kharafi National of Kuwait.  

“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,” said Dr. R. Seetharaman, Group CEO, Doha Bank.

Kharafi National is a Kuwait based leading Infrastructure Project Developer in water, wastewater treatment and reclamation, district cooling, solid waste management and enhanced oil recovery as well as a leading Contractor and Facilities Management Service Provider to the petroleum, chemicals, power, water and commercial sectors in the Middle East and Africa. As developers of infrastructure, it’s engaged in projects on a BOT, BOO or PPP basis.

Doha Bank was founded in Doha, Qatar on March 15, 1979; and today is one of the largest commercial banks (assets) in Qatar. The Bank has earned the award for the “Best Commercial Bank Middle East 2014” at Global Banking & Finance Review, “Bank Of the Year in Qatar 2013” at The Banker Awards and “Best Regional Commercial Bank in the Middle East 2013” at the Banker Middle East Industry Awards, which exemplifies Doha Bank’s continued commitment to the industry and its stakeholders.