Middle East Loans
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Saudi Arabian Taiba Holdings Co has signed a short term SR400m ($106.6m) Shariah compliant financing agreement with Banque Saudi Fransi.
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Qatari telecoms firm Ooredoo has signed three short term Islamic financing facilities totalling just under $500m with three local banks. -
The Islamic Development Bank (IsDB) has signed a set of loan agreements worth $671m to fund development projects in several member countries as well as Muslim communities in non-member countries.
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Sharjah Islamic Bank has become the first bank to join Nasdaq Dubai’s murabaha platform since its official launch last month.
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Turkish car maker Ford Otosan has approached the development bank market for a €140m long term loan as it seeks to modernise and increase its manufacturing output and develop a new cargo truck.
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Alternatifbank, a mid-tier Turkish financial institution, has approached banks for its annual spring refinancing facility.
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The Afghanistan Investment Climate Facility Organisation (Harakat) has agreed a $1.17m grant for the Central Bank of Afghanistan to help it launch a Shariah-compliant financing project for small and medium size enterprises.
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Etisalat, the Abu Dhabi telecoms firm, has signed €3.15bn-equivalent of loans from banks to finance its purchase of Vivendi's 53% stake in Maroc Telecom.
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Etisalat, the Abu Dhabi telecoms firm, has signed €3.15bn-equivalent of loans from banks to finance its purchase of Vivendi's 53% stake in Maroc Telecom, reports GlobalCapital.
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Turkey's Garanti Bankasi has signed a $1.5bn-equivalent one year syndicated loan.
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Etisalat, the Abu Dhabi telecoms firm, has signed €3.15bn-equivalent of loans from banks to finance its purchase of Vivendi's 53% stake in Maroc Telecom.
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Arab Petroleum Investments Corporation (Apicorp) has signed a five year murabaha facility with Saudi Arabia’s Al Rajhi Bank for SR1bn ($267m).
