Africa Loans
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JEDDAH, KSA, 17.07.2012 –The 284th meeting of the Board of Executive Directors of the Islamic Development Bank, which convened at IDB headquarters starting Sunday 16 July, under the chairmanship of Dr. Ahmad Mohamed Ali, President, IDB Group, approved more than US$ 1,158 million towards development projects financing for IDB member countries and Muslim communities in non-member countries. This is the largest amount of approvals by a single IDB Board meeting since the Bank’s inception in 1975.
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Source: Euclid Infotech
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Clifford Chance advised DIFC Investments LLC (DIFCI) in securing a USD 1.035 billion Islamic syndicated facility to contribute towards financing in full the repayment of its USD 1.25 billion Sukuk maturing 13th June 2012. This is a landmark transaction in the history of the DIFC which further evidences the commitment of Dubai to meet its obligations in a timely manner.
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Supporting GCC real estate initiatives to promote regional economic growth and sustainability Manama, Bahrain - 9 May 2012: Khaleeji Commercial Bank (KHCB), one of the prominent Bahrain-based Islamic retail banks, has announced that it had arranged a financing deal with Meydan Group LLC worth USD$40 million for the group's general working capital requirements and funding of various on-going projects, including the pioneering Meydan City in Dubai.
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Source: Euclid Infotech
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Source: Business News Americas
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