Middle East Loans

The Islamic Development Bank (IsDB) and Senegal have signed facilities totalling $144m for the financing of three social projects in the west African country.

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.

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.

Al Bayan Group has signed a $70m Islamic financing facility with banks, its debut syndication in the regional debt market.

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.

Abu Dhabi Equity Partners has set up Brazil’s first Shariah compliant livestock finance programme, worth $25m.

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.

Sovereign supply has dominated the CEEMEA market this week, with Latvia and Romania delivering landmark deals in euros and dollars respectively.

Saudi industrial firm Mohammed Abdulaziz Al-Rajhi & Sons Co is set to sign a Sr580m ($155m) Shariah-compliant financing facility with Bank Al Jazira.

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.