MENAdrill Investment Company (MIC), incorporated in Cayman Islands and principally promoted by First Energy Bank (FEB), has signed a three-year $130 million limited recourse Islamic financing with Gulf International Bank (GIB).
First Energy Bank, the key sponsor of Menadrill, has signed an agreement for two jack-up drilling rigs to be constructed at the Maritime Industrial Services Company (MIS) yard in Sharjah.
The total value of the rig packages will be in exc
Bahrain-based First Energy Bank has announced the formation of a new $3 billion offshore drilling and services company, MENAdrill.
Launched with strategic partners Gulf Finance House and Adwoc and strategic and technical advisors PF