Warba Bank Arranges USD 155 mln Co-financing for UAE Oil CompanySource: www.export-egypt.com 7/7/2014, Location: Middle East |
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Warba Bank announced that it had arranged a syndicated financing worth USD 155 million for a leading UAE oil services company.
Warba's share in the facility hits USD 25 million, the Bank said in a statement. Noor Bank and Qatar Islamic Bank are participating in the syndicated financing. The statement added that the UAE oil services company is a world-class one operating in the Middle East and North Africa, enjoying a strong market position and a stable base of customers. Warba stressed keenness on developing and supporting innovative financing solutions, in line with the Islamic Sharia, through well-studied risks, then offering them to clients. The Bank stressed that the step is part of its strategy to expand in promising developing markets. |
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