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Renamed company's $4.2bn murabaha facility has lifted Saudi banks
Volume dips only slightly despite there being a third fewer transactions
Strong appetite from international banks for first gigascale 24/7 solar plant
ECA-backed deal comes after AFC raises $2bn to fund infrastructure development
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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. -
Qatar Electricity and Water Co (QEWC) has signed conventional and Islamic finance facilities totalling $450m.
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After its shock move at the end of 2011 to restrict Austrian bank lending in central and eastern Europe, the Austrian Central Bank is taking a "very active role" in a pan-European initiative to avoid chaotic bank deleveraging in the region, the former chief executive of Raiffeisen Bank International has told EuroWeek.
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The Islamic Development Bank has agreed $170.6m of financing for Cote d’Ivoire to fund development projects.
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Saudi Arabian engineering firm Abdullah AM Al-Khodari Sons Company has signed Islamic finance facilities totalling SR828m ($221m).
