Middle East Loans
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Qatari infrastructure firm United Development Company (UDC) has agreed a QR854m ($235m) Shariah-compliant facility with local Islamic bank, Masraf Al Rayan. -
A consortium of Italian, South Korean and Qatari firms has signed a QR2.11bn ($580m) Islamic finance facility to pay build a new underground line for the Doha metro.
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Saudi Arabia's National Industrialisation Co (Tasnee) has agreed a SR4bn ($1.06bn) murabaha facility.
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The Middle East subsidiary of Indian textile firm Alok Industries has signed a $150m syndicated murabaha facility.
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Saudi Arabian Jouf Cement Company has signed a Sr400m ($106.7m) Islamic finance facility.
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Qatar Electricity and Water Co (QEWC) has signed conventional and Islamic finance facilities totalling $450m.
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Saudi Arabian engineering firm Abdullah AM Al-Khodari Sons Company has signed Islamic finance facilities totalling SR828m ($221m).
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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.
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Dubai Islamic Bank has settled all Dh4bn of Tamweel’s bilateral liabilities two years of their scheduled maturity, the bank said on Wednesday.
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Turkish Islamic bank Al Baraka Turk has signed an oversubscribed $430m murabaha financing after launching the deal into syndication at $250m.
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The Muharraq Mall Company has signed a BD8m ($21m) Islamic financing from Ahli United Bank.
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Three Egyptian banks are set to sign an Islamic financing facility for the Eastern Sugar Company worth E£1.5bn ($217m).
