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Zain Saudi extends maturity of $600m facilityTelecom operator Zain Saudi has extended the maturity of a $600 million facility until May 1, according to a statement on Saudi Arabia's bourse, the latest debt roll over by the loss-making firm. This was due to be repaid on A More… |
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Zain Saudi defers $2.4bn loan for 5th timeZain Saudi extended the maturity of a SR9 billion ($2.4 billion) Islamic loan for another 21 days on Wednesday, the fifth time the loss-making telecom operator has deferred payment. The company, an affiliate of Kuwait's Zain, More… |
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Emicool signs $216m Islamic loanDubai-based Emirates District Cooling (Emicool), a joint venture between Dubai Investments and Union Properties, signed a Dh793 million ($216 million) Islamic loan guaranteed by both parents, a statement said on Sunday. Structured More… |
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Al Fanar signs $800m Islamic loanAl Fanar Company, a Saudi-based electrical engineering and electrical products manufacturer, has signed a SR3 billion ($800 million) dual-tranche Islamic loan, it said in a statement on Tuesday. It is the first time the firm has completed More… |
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Kuwait industrial group eyes $358m loanNational Industries Group Holding (NIG), a leading Kuwait-based company engaged in diversified industrial sectors, said it has appointed banks to raise more than KD100 million ($358 million) in a shariah-compliant syndicated loan. More… |
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Gold edges up after Greek deal gives boostGold rose for a second day on Tuesday, taking its cue from a brief rally in the euro after euro zone finance ministers struck a deal with Greece on its emergency funding, while silver shrugged off data that showed a steep drop in Chinese imports. More… |
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BMI repays $93.7m syndicated facilityBMI Bank, a leading Bahraini retail and commercial banking institution, has repaid its three-year Islamic term loan equivalent to $93.7 million on the scheduled due date demonstrating its liquidity position. The three-year facility was sig More… |
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KFH repays $250 million earlyKuwait Finance House (KFH), the country's biggest Islamic lender, said on Wednesday it made an early payment of $250 million that was due in March 2011. "KFH paid an early instalment worth $250 million that was due next March, as part of a More… |
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Al Baraka Turk plans $250m Islamic loanThe Turkish subsidiary of Bahraini Islamic lender Al Baraka has mandated banks for a $250 million sharia-compliant facility, the chief executive of the parent company said on Sunday. 'We'll be signing it on September 15,' Adnan More… |
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Nakheel to repay Islamic loan in 7 yearsNakheel, the property developer behind Dubai's palm-shaped islands, has proposed repaying its bank debt after five years and one outstanding $1.85 billion syndicated Islamic loan after seven, a source close to the company said. Bankers More… |
