Published: Jul 02, 2014
Source: Emirates 24|7

News

Email this story Print this page zoomin zoomout

UAB signs Dh367m Murabaha syndication deal

3-year facility with 4 banks is first Islamic Murabaha syndication by the bank

United Arab Bank (UAB) has completed a 3-year syndicated Murabaha facility worth $100 million (Dh367 million) with four banks based in the UAE, Bahrain and Kuwait, said a press statement on Tuesday.

The Murabaha deal is the first Islamic syndication completed by UAB.Al Hilal Bank, headquartered in the UAE, served as the Mandated Lead Arranger and Bookrunner for the deal, while the Arab Banking Corporation, headquartered in Bahrain and Sharjah Islamic Bank, were the other Mandated Lead Arrangers. The National Bank of Kuwait also served as a Lead Arranger. Read more>>>

© Copyright - Emirates 24|7
comments powered by Disqus

Middle East Stock Markets

Index Last Change %Change
TASI 7,001.63 +52.67 0.76%
ADI 4,443.53 +7.68 0.17%
DFMGI 3,480.43 +32.99 0.96%
QE 10,390.60 -26.20 -0.25%
KSE 7,029.43 +21.32 0.30%
MSM30... 5,550.600 -2.920 -0.05%
ASE... 2,250.18 -2.76 -0.12%

Recent Analyst Actions  >>

or
Company Price Opinion
Al-Tayyar Travel Group 40.00 Overweight
Saudi Ground Services Co. 60.80 Overweight
Saudi Airlines Catering 103.40 Overweight
DXB Entertainments 1.90 Buy
Abdullah Al Othaim Markets 125.60 Overweight

Markets Today Quick Links

×

Get all the latest updates about the GCC & Global Markets directly to your email