Middle East Loans
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Saudi Arabian engineering firm Abdullah AM Al-Khodari Sons Co has renewed an existing Shariah-compliant credit facilities agreement with Gulf International Bank for SR291.3m ($78m). -
The Islamic Development Bank (IsDB) has signed an Mr1.8bn ($220m) financing facility with Morocco for drinking water supply projects in Agadir and Chtouka Ait Baha, and the olive sector for small farmers.
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Emerging market bond bankers have been unnerved by the sell-off in their asset class this week. But as trading stabilised on Tuesday and interest rate hikes in Turkey and India calmed local currency selling, a new issue emerged from Latin America and bankers hope others in CEEMEA may not be far behind.
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The Islamic Development Bank (IsDB) and Senegal have signed facilities totalling $144m for the financing of three social projects in the west African country.
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Abu Dhabi Islamic Bank (ADIB) has signed Dh450m ($122.5m) Islamic financing facility with Al Dhafra Cooperative Society, a private equity firm that serves local communities in western Abu Dhabi.
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Abu Dhabi Islamic Bank (ADIB) has signed Dh450m ($122.5m) Islamic financing facility with Al Dhafra Cooperative Society, a private equity firm that serves local communities in western Abu Dhabi.
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Al Bayan Group has signed a $70m Islamic financing facility with banks, its debut syndication in the regional debt market.
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Egypt Electricity Holding Co (EEHC) is set to sign two dollar financing agreements with two multilateral organisations totalling $783m to build and develop power stations.
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Abu Dhabi Equity Partners has set up Brazil’s first Shariah compliant livestock finance programme, worth $25m.
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Egypt Electricity Holding Co (EEHC) is set to sign two dollar financing agreements with two multilateral organisations totalling $783m to build and develop power stations.
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Dubai Group, which missed two payments on loans during the financial crisis, is closing in on a $10bn restructuring agreement with creditors after more than three years of negotiations.
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Sovereign supply has dominated the CEEMEA market this week, with Latvia and Romania delivering landmark deals in euros and dollars respectively.
