QNB closes syndication for $3.5bn loan facilityQNB Group, a leading financial institution in the Middle East and Africa, has announced the successful closing of the syndication for its $3.5 billion three year senior unsecured term loan facility. The syndication was well suppor More… |
Banks arrange $250m facility for Banque MisrBahrain-based Bank ABC said it along with Emirates NBD Capital, HSBC Bank Middle East, Mashreqbank and Union National Bank arranged a $250 million syndicated term loan facility on behalf of Banque Misr Egypt. They were acting as m More… |
Warba Bank arranges $150m loan for IBAKuwait-based Warba Bank recently arranged a $150 million Sharia-complaint syndicated finance facility for the International Bank of Azerbaijan (IBA). The facility has a tenor of one year with a bullet repayment due at maturity. Wa More… |
Aldar signs $1.1bn credit facility with NBADAbu Dhabi's Aldar Properties has secured a 4 billion dirham ($1.09 billion) credit facility from National Bank of Abu Dhabi, a deal expected to help the struggling developer manage its liquidity needs. The three-year revolving fa More… |
Saudi Oger inks $1.85bn loan dealSaudi Oger, a top construction group, said it has reached a deal with a group of leading banks to secure a landmark $800 million senior term loan facility and a SR3.97 billion ($1.05 billion) advance payment guarantee facility to fund the Kin More… |
Ahli United Bank extends term loan facilityAhli United Bank (AUB) has extended the final maturity date of its syndicated term loan facility by six months to April 2012, a statement from one of the bookrunners said. The loan dated September 5, 2008 was set to mature in October 2011. More… |
Dubai seeks state-funded loan facility: ReportDubai is in talks with the United Arab Emirates federal government to create a state-funded loan facility to help firms access finance as international capital dries up, the Financial Times said on Wednesday. The facility would be similar More… |
Mumtalakat launches $500m loan facilityBahrain Mumtalakat Holding Company has launched a $500 million loan facility, in its first debt capital financing. National Bank of Bahrain (NBB) has been mandated by Mumtalakat to lead and arrange the syndicated loan facility. Und More… |
New Medical Centre wins $100m loan dealBahrain-based Gulf International Bank (GIB) has arranged a $100 million syndicated term loan facility for the UAE-based New Medical Centre (NMC). GIB acted as sole coordinator and mandated lead arranger for the facility, which will be used More… |