Middle East Loans
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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. -
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.
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Dubai-headquartered Orascom Construction and Abu Dhabi-based International Petroleum Investment Co (Ipic) will raise debt to build a 3GW power plant in Egypt.
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Bankers this week described the Middle East loan market as “on fire” amid a run of big deals from the region and a burgeoning pipeline.
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Takween Advanced Industries, a Saudi plastic packaging firm has obtained a 10 year SR1.3bn ($346.5m) murabaha facility to fund an acquisition.
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Dubai’s Port & Free Zone World FZE found high demand as it signed a $1.2bn five year loan with banks last week.
