Middle East Loans
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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. -
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.
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Dubai property developer Meraas is close to completing a loan to finance retail property around a 210m Ferris wheel, styled on the London Eye, say bankers.
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Qatar National Bank’s attempt to raise a $3bn loan is progressing in general syndication but has not received the demand that some expected.
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Albaraka Turk has picked banks for a two year syndicated murabaha facility, just days after the Lira hit a new all-time low against the dollar.
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Saudi Arabian Oil Co appears close to completing a tightly priced $10bn revolving credit facility to back its expansion into new markets.
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Saudi Arabian Oil Co appears close to completing a tightly priced $10bn revolving credit facility to back its expansion into new markets.
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Saudi Arabian Oil Co appears close to completing a tightly priced $10bn revolving credit facility to back its expansion into new markets.
