Monday 22 September 2014
 
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syndicated loan

United Arab signs $250m syndicated loan

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

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Jumeirah Group raises $1.4 billion loan

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

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AlBaraka Turk launches $250m financing

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

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Egyptian firm raises $218m for cement plant

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

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Gulf syndicated loan market 'severely disrupted'

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

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Ahli, ABC close $480m Dipco loan

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

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Abu Dhabi utility firm seeks $3.1bn loan

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

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Gulf Bank helps arrange $5bn for Dubai World

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.

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Fitness firm to raise $55 million

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

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