Middle East Loans

Saudi Arabian Jouf Cement Company has signed a Sr400m ($106.7m) Islamic finance facility.

Qatar Electricity and Water Co (QEWC) has signed conventional and Islamic finance facilities totalling $450m.

Saudi Arabian engineering firm Abdullah AM Al-Khodari Sons Company has signed Islamic finance facilities totalling SR828m ($221m).

Turkish Islamic bank Kuveyt Turk has sent out an invitation letter to loans bankers for a murabaha facility. This is the first time the bank has come to the loan market since 2009.

Dubai Islamic Bank has settled all Dh4bn of Tamweel’s bilateral liabilities two years of their scheduled maturity, the bank said on Wednesday.

Turkish Islamic bank Al Baraka Turk has signed an oversubscribed $430m murabaha financing after launching the deal into syndication at $250m.

The Muharraq Mall Company has signed a BD8m ($21m) Islamic financing from Ahli United Bank.

Three Egyptian banks are set to sign an Islamic financing facility for the Eastern Sugar Company worth E£1.5bn ($217m).

Saudi Arabia's National Company for Petrochemical Industries (Natpet) has signed a Sr1bn ($267m) Islamic finance facility.

Airport retailer Dubai Duty Free has mandated three banks to arrange unsecured conventional and Islamic facilities totalling $750m.

The Islamic Development Bank (IsDB) has signed a set of loan agreements worth $747m to fund development projects in several member countries and to Muslim communities in non-member countries.

Turkish Islamic bank Al Baraka Turk is due to sign its $250m murabaha facility within the first two weeks of September. Syndication for the deal closes on August 29.