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Daewoo Engineering & Construction signs milestone credit facility with Al Ahli Bank of Kuwait, Commercial Bank of Kuwait and Burgan Bank

  • Daewoo Engineering & Construction has executed US$ 180 Million credit facility with a syndicate of banks with a tenor of two years
  • Al Ahli Bank of Kuwait (ABK) and Commercial Bank of Kuwait (CBK) act as Joint Mandated Lead Arrangers and Book Runners
  • Burgan Bank joined the deal as original lender
  • CBK is the Facility Agent

21 October 2018

Daewoo Engineering & Construction (E&C) announced today the signing of a milestone credit facility with Al Ahli Bank of Kuwait (ABK), Commercial Bank of Kuwait (CBK) and Burgan Bank for an amount of US$ 180 Million with equal participation by the Banks.

The facility has been arranged through a syndicate structure with ABK and CBK acting as Joint Mandated Lead Arrangers and Book Runners. Burgan Bank has joined as an original lender and CBK is the Facility Agent.

Daewoo E&C is a globally recognized construction company and is considered one of the largest contracting companies internationally. Headquartered in Seoul - South Korea, the company’s portfolio boasts of construction of civil projects, railways, harbors, reclamation projects, environmental projects, and leisure facilities. The company is currently working on mega-projects in Kuwait, including Al Zour New Refinery and Clean Fuel Projects.

Furthermore, Daewoo E&C is one of the major contractors for Duqm Refinery in Al Duqm, Oman.


Daewoo Engineering & Construction signs milestone credit facility with Al Ahli Bank of Kuwait, Commercial Bank of Kuwait and Burgan Bank