Middle East Loans
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Ooredoo, formerly known as Qatar Telecom, is wrapping up a $500m Shariah-compliant five year revolving credit facility, say bankers involved in the deal.
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It has been a big week for Saudi loans, with Saudi Aramco closing a $10bn revolver and Apicorp signing $950m worth of Shariah compliant loans.
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The Middle East has provided the one saving grace of European, Middle East and Africa first quarter syndicated loans volumes, with falls elsewhere from the same period last year.
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Saudi Arabian Oil Co (Aramco) has completed a $10bn multi-tranche revolving credit facility at tight pricing, which will back its expansion into new markets.
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Indonesian airline Garuda has signed a one year $100m bridge loan musharaka facility with Bank Internasional Indonesia (BII), and is planning a benchmark dollar sukuk.
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National Bank of Abu Dhabi has added to its capital markets push with two experienced hires to its global syndicated finance and loans agency businesses in Abu Dhabi.
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Arab Petroleum Investments Corporation (Apicorp), the Saudi investment company, has agreed $950m of Shariah compliant syndicated loans with regional and local banks.
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Arab Petroleum Investments Corporation (Apicorp), the Saudi investment company, has agreed $950m of Shariah compliant syndicated loans with regional and local banks.
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Egypt’s recent emergence as a focal point for CEEMEA capital markets activity was further elevated this week, with several loan deals in the works.
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Cairo headquartered African Export-Import Bank (Afreximbank) has requested proposals for an international loan of around $500m, said bankers.
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Saudi Arabia’s Petro Rabigh has signed SR19.38bn ($5.2bn) of loan agreements – including an Islamic finance component – with a mix of international, regional and local lenders.
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Saudi Arabia’s Petro Rabigh has signed Sr19.38bn ($5.2bn) of loan agreements — including an Islamic finance component — with a mix of international, regional and local lenders.