Bloomberg reports that Waha Capital, a leasing company based in Abu Dhabi, obtained a three-year $505 million term and revolving credit facility from 11 regional and international banks.

The article quotes Waha CEO Salem Rashed Al Noaimi saying that the funds will be used in new and existing investments.

According to Bloomberg, the banks involved include First Gulf Bank, Emirates NBD, HSBC Bank Middle East, Abu Dhabi Commercial Bank, Deutsche Bank and JPMorgan.

To read the entire Bloomberg article click here.