United Arab Bank (UAB), a leading bank in the Middle East, has announced the completion of a two-year $250 million syndicated loan facility, signed by 12 multinational and regional banks.
The term loan facility was originally targ
Dubai's Jumeirah Group, a luxury hotel company, has raised a $1.4 billion unsecured syndicated loan due in 2019 to help fund its expansion, the company said on Wednesday.
The loan was priced at 2.75 percent above the London In
AlBaraka Turk, the Turkish subsidiary of Bahrain-headquartered Islamic lender AlBaraka Bank , has mandated banks to arrange a $250 million syndicated loan, the company said in a statement on Monday.
The sharia-compliant, dual-curr
Egypt's Al-Nahda Company for Industries has raised a 1.2 billion Egyptian pound ($218 million) syndicated loan to build a cement plant in southern Egypt, one of the loan's arrangers said.
The Industrial Development Authority said in Novemb
Syndicated lending to the Gulf is now severely disrupted and several large loans have been postponed, reworked, repaid or drawn down to cope with extraordinary market conditions, senior banking sources said.
Gulf-based banks have battled i
Ahli United Bank (AUB) and Arab Banking Corporation (ABC) have successfully closed the senior phase for a $480 million, 15-year syndicated debt finance facility for Damietta International Port Company, SAE (Dipco).
AUB and ABC are the "Ini
Gulf Arab utility Taqa has appointed five bookrunners to arrange a $3.1 billion, one-year syndicated loan, a banking source said on Thursday.
The bookrunners are Bank of Tokyo-Mitsubishi UFJ, Barclays, BNP Paribas, Citigroup and Roya
Gulf Bank has been appointed a Senior Lead Arranger for a $5 billion syndicated loan facility for the Dubai World Corporation.
The loan is to provide financing for general corporate purposes including acquisitions and investments.
Awwal Fitness Ltd (AFL), a Jebel Ali Free Zone Company, has signed an agreement to raise $55 million through a syndicated loan facility.
The facility will be used by AFL, part of the Al Hokair Group of Saudi Arabia, to develop the “Fitness