Middle East Loans
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Saudi industrial firm Mohammed Abdulaziz Al-Rajhi & Sons Co is set to sign a Sr580m ($155m) Shariah-compliant financing facility with Bank Al Jazira.
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Saudi industrial firm Mohammed Abdulaziz Al-Rajhi & Sons Co is set to sign a Sr580m ($155m) Shariah-compliant financing facility with Bank Al Jazira. -
Special situations investment company Sapinda has obtained a €25m murabaha facility for its subsidiary Kore Coal Finance - the first ever Islamic deal for a Netherlands based company, according to IFIS records.
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Saudi chemicals and petrochemicals company Nama has signed a Sr125m Islamic financing agreement with Saudi Hollandi.
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Saudi chemicals and petrochemicals company Nama has signed a Sr125m Islamic financing agreement with Saudi Hollandi.
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The Arabian Company for Water and Power Development has signed a SR1.775bn ($475m) five year revolving corporate facility, structured on a fully Shariah compliant commodity murabaha basis. The facility serves as a bridge to the sukuk program the company plans to launch in 2014.
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Turkish Islamic bank Kuveyt Turk is planning to sign its murabaha facility next week. The syndicated loan will consist of two tranches — a one year deal paying 205bp all-in and a two year note paying 250bp all-in.
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Saudi Arabian engineering company Abdullah AM Al-Khodari & Sons Co has renewed an existing SR443.9m ($118m) Shariah-compliant facility with National Commercial Bank (NCB).
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Bahri Dry Bulk, a subsidiary of Bahri (National Shipping Co of Saudi Arabia) signed an 11 year Shariah compliant financing facility with Bank Albilad for SR420m ($111m).
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The Islamic Development Bank has agreed to two financing arrangements with Burkina Faso for a total of $121m.
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Azerbaijan’s Muganbank has signed a $3m Shariah-compliant financing facility with the Islamic Corporation for the Development of the Private Sector (ICD) – an arm of the Islamic Development Bank.
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Airport retailer Dubai Duty Free has signed a $750m facility comprising conventional and Islamic facilities.
