Nogaholding, the business development arm of Bahrain’s National Oil and Gas Authority (Noga), hosted a dinner last evening to commemorate the successful signing of the $570 million murabaha finance facility.
First Energy Bank (FEB), a Bahrain-based Islamic investment bank, has signed a 25-million-euro ($34 million) Murabaha facility with the Netherlands-based Kore Coal Finance, a subsidiary of Sapinda Holding.
The financing will assis
Bahraini lender Al Baraka Bank's Turkish unit is working on the issue of a $200 million, 10-year subordinated sukuk, Al Baraka Turk general manager Fahrettin Yahsi told Reuters on Wednesday.
Yahsi said the sukuk would be issue
Qatar Telecom (Qtel), one of the region's largest telecoms firms, has signed its debut Islamic financing facility worth $500 million, the operator said on Tuesday.
The deal, which runs for 18 months and is structured as a revo
The Turkish subsidiary of Bahraini Islamic lender Al Baraka has mandated banks for a $250 million sharia-compliant facility, the chief executive of the parent company said on Sunday.
'We'll be signing it on September 15,' Adnan