Alkagesta Secures $15 Million Credit Line from FIMBank

Malta-based commodity trading firm Alkagesta has secured a new $15 million revolving inventory credit facility from FIMBank Plc, as reported by industry news outlet Ship & Bunker following an official company statement. The arrangement with the Malta-headquartered financial institution provides targeted credit to support the physical trader's inventory financing requirements.

With the addition of this new financing line, Alkagesta's cumulative credit facilities now total more than $1 billion, according to figures disclosed by the company and reported by Ship & Bunker. The agreement expands the firm's working capital structure across its global energy trading operations.

Commenting on the transaction, Alkagesta Chief Executive Officer Orkhan Rustamov stated that the agreement with FIMBank marks a significant milestone in the firm's commitment to advancing Malta's role as a central player in global energy trade.

Rustamov added in the company statement that the establishment of the revolving inventory credit facility will further strengthen Alkagesta's inventory strategy. He noted that the facility directly supports global energy security by improving supply chain reliability and compliance.