DUBAI — British supercar producer McLaren Team, which consists of its System One crew, has arranged a 150 million pound ($185.2 million) funding facility with the Nationwide Financial institution of Bahrain (NBB), the Gulf bank stated on Monday.
The COVID-19 pandemic has strike the enterprise tough, with product sales plunging through a manufacturing facility shutdown. It announced 1,200 layoffs in May.
“Ultimate documentation has been signed and all the vital approvals have been granted in relation to a … 150 million (pound) funding facility,” NBB stated.
Bahrain sovereign prosperity fund Mumtalakat Holding Co is the the greater part shareholder in