The main objective of the SPV
is to implement the identified projects or works for the tribal welfare and area development so as to ensure inclusive growth of the state.
It is worth noting that the Intermediate SPV
structure is only applicable to entities that are already registered within the DIFC.
While all parties set out in the spirit of co-operation, it's important for the SPV
shareholders' agreement to include dispute resolution procedures.
Dr Al Jawhary said the session was an important first step in addressing the opportunity for the SPV
business in Bahrain and emphasised the significance of dialogue between all stakeholders in the financial sector.
business is a significant one for asset managers and we believe given Bahrain's strong business and regulatory environment that it is well positioned to become a leading regional and international hub for SPVs
Given that SPV
relies solely on JEV for debt repayment, the Company's debt-servicing ability in respect of the Class A IMTN will be impaired if any of our concerns materialise, i.
The IPs and manpower will be transferred to the SPV
as part of the business transfer
With an additional nominal capacity of 80,000 tons of viscose fibers a year, the annual total capacity of SPV
will increase to 320,000 tons once the fifth line has been launched.
The government proposed that the SPV
assume the lender-of-last-resort (LOLR) function currently served by the central bank.
A concession agreement is the agreement between government and the SPV
for development, construction and operation of specific projects.
After the payment, the remaining liquidation preference that the Treasury holds in the SPV
, AIA Aurora LLC, has been reduced to about $8.
The expansion will make SPV
the world's largest producer of synthetic cellulose fiber.