DUBAI — British supercar company McLaren Team, which involves its Formulation One particular workforce, has arranged a a hundred and fifty million pound ($185.two million) funding facility with the National Bank of Bahrain (NBB), the Gulf lender explained on Monday.
The COVID-19 pandemic has hit the organization challenging, with revenue plunging throughout a manufacturing facility shutdown. It introduced one,200 layoffs in May possibly.
“Final documentation has been signed and all the needed approvals have been granted in relation to a … a hundred and fifty million (pound) funding facility,” NBB explained.
Bahrain sovereign wealth fund Mumtalakat Holding Co is the