TORNADO OF A DEAL

Qatar Today - - BUSINESS > MARKETWATCH -

Doha Bank has com­pleted a fi­nan­cial ar­range­ment with Tornado Co. for re-fi­nanc­ing the iconic Tornado Tower in West Bay. This long-term trans­ac­tion is one of the largest in­di­vid­ual ticket deals across the lo­cal bank­ing sec­tor. “The fi­nanc­ing will strengthen Doha Bank’s re­la­tion­ship with the cus­tomer and its well-re­puted share­hold­ers.” said Dr R Seethara­man, CEO of Doha Bank Group, dur­ing the sign­ing cer­e­mony. Said Abu Odeh, GM of Tornado Tower, also added, “We are pleased that we have con­cluded the deal with a lo­cal bank like Doha Bank. The bor­row­ing is in line with the strate­gic plan­ning of the com­pany.”

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