Middle East Loans
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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. -
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.
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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.
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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.
