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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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Qatar Petroleum Country (Qapco) has signed a QR1.1bn ($293m) three year Islamic loan from Barwa Bank.
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Barwa Bank’s investment banking unit The First Investor (TFI) has a agreed a construction financing with US property developer Hines.
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Mobile telecoms firm Zain Saudi has signed a Sr2.25bn ($600m) government-guaranteed three year Islamic financing facility. Saudi Arabia’s decision to provide an unconditional and irrevocable guarantee for Zain suggests that Gulf countries are becoming more willing to support the telecom sector, said Fitch in a research note, raising the possibility of cross border mergers.
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Mobile telecommunications firm Zain Saudi has signed a SR2.25bn ($600m) three year murabaha financing guaranteed by its parent company.
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Warba Bank, a Kuwaiti Islamic bank, has introduced a Shariah compliant qard hasan product in the local market.
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Goldman Sachs has become the first bank to join Alibaba Group’s jumbo $8bn loan with a $500m ticket.