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Bank Muscat to arrange Omantel stake sale

Oman has appointed the Gulf state's top lender Bank Muscat to arrange a secondary share sale of a 19 percent stake in its biggest mobile telecommunications operator, Oman Telecommunications Co (Omantel). The government plans t

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QIB readies $962m Islamic facility for Qatari Diar

State-owned investment firm Qatari Diar has appointed Qatar Islamic Bank (QIB) as lead arranger for a five-year, QR3.5 billion ($962 million) syndicated Islamic facility, it said on Wednesday. Qatari Diar, which counts London's Chelsea

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Abyaar gets $62m loan for property projects

Kuwait's Abyaar Real Estate Development Company said it received KD18 million ($62.48 million) in financing from the Bank of Kuwait and the Middle East (BKME) to help it complete projects. Hesham al-Obaid, Abyar's chairman, 'ex

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BKME readies $111m realty fund for Abyaar

The Bank of Kuwait and The Middle East (BKME) said it has arranged a new KD32 million ($111.4 million) real estate financing facility for Abyaar Real Estate Development Company. This facility follows the success of the KD14 million financi

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BKME readies $111m realty fund for Abyaar

The Bank of Kuwait and The Middle East (BKME) said it has arranged a new KD32 million ($111.4 million) real estate financing facility for Abyaar Real Estate Development Company. This facility follows the success of the KD14 million financi

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DIB in $72m Parkway finance deal

Dubai Islamic Bank (DIB) said on Wednesday it has arranged Islamic financing totaling Dh266 million for Parkway International Contracting, to finance a portion of the upcoming Remraam project in Dubailand. The total value of the contract

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NBAD, Bank of Tokyo in $626m IPIC loan deal

National Bank of Abu Dhabi (NBAD) said on Saturday it will arrange with Bank of Tokyo-Mitsubishi UPJ a Dh2.3 billion ($626.2 million) loan to Abu Dhabi's International Petroleum Investment Company (IPIC). The loan will finance IPIC's acqui

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DIB unit arranges $5bn Sukuk in H1

Dubai Islamic Bank’s (DIB) wholly-owned investment banking arm, Millennium Capital Limited, said that it has arranged over Dh20 billion ($5.44 billion) of sukuk and syndication transactions since the beginning of this year. DIB has risen

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Unicorn to ready $2bn Islamic bonds

Bahrain-based Unicorn Investment Bank, which operates in accordance with Islamic law, said it is arranging Islamic bond sales worth $2 billion. "We have several transactions in the pipeline," chief financial officer David Pace said, confir

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NBAD to help arrange $122.5m loan facility

National Bank of Abu Dhabi (NBAD) said on Saturday it would help arrange a Dh450 million ($122.5 million) syndicated term loan facility for Al Farida Investments Company to finance its expansion plans. NBAD, Abu Dhabi Investment Co and Uni

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