The National Bank of Abu Dhabi (NBAD), a leading bank in the UAE, successfully closed a $ 455 million club loan facility for Commercial Bank of Qatar (CBQ).

Despite challenging market conditions, the facility was undertaken by a selected group of banks raising $455 million, a statement said.

The group of lenders is geographically diversified among top banks names including National Bank of Abu Dhabi, Samba Financial Group and Commerzbank Aktiengesellschaft, as the mandated lead arrangers, Australia and New Zealand Banking Group Limited, Singapore Branch, Deutsche Bank AG, Union National Bank PJSC and Wells Fargo Bank, National Association as the lead arrangers. – TradeArabia News Service