Sharjah brings Middle East syndications back despite liquidity drought
Bank of Sharjah signed a $150m one year refinancing this week, the first deal from a financial institution in the Gulf since 2008. However, with confidence throughout the Middle East loan market dispiritingly low, bankers in the region do not believe that the deal signals a widespread revival in FI loan activity in the region. Instead, banks are likely to continue to use bilateral loans and bonds when they need to raise finance.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: