Maybank, Gulf Intl arrange $2.27B loan for Binladin
The investment banking arm of Malayan Banking Bhd and Bahrain's Gulf International Bank have arranged an 8.5 billion Saudi riyal($2.27 billion) Islamic financing facility for Saudi Binladin Group Limited, the Malaysian bank said on Thursday.
December 15, 2011 3:25 by Reuters
Twelve banks participated in the facility including Abu Dhabi Commercial Bank, Samba Financial Group , Ahli United Bank B.S.C. and Emirates NBD Bank PJSC, Maybank said in a statement.
The proceeds would be used to help finance the expansion of King Abdulaziz International Airport, the third largest airport in Saudi Arabia, it said. (Reporting by Liau Y-Sing; Editing by Niluksi Koswanage)
More on GCC
-
Bahrain’s Batelco CEO leaves with immediate effect
-
Arabtec Says Workers End Strike
-
First report by Etisalat covering global footprint
-
Kuwaiti Oil Service Workers On Strike Over Pay – Union
-
Qatar’s Doha Bank May Sell Bonds To Raise Capital – CEO
-
Qatar to announce new energy infrastructure fund
-
Qatar Holding, Italy Fund Eying Versace – Paper
-
Saudi government websites targeted
-
NCoV – First report of patient-to-nurse spread
-
Saudi regulations target stock market speculators
-
Dubai’s Arqaam Capital Eyes South Africa, Saudi Expansion
-
U.S. Targets Two UAE Firms For Dealing With Blacklisted Iran Banks
-
Airbus officially picked by Kuwait Airways
-
GMR reveals top 50 Mena Corporate Brands
-
Kuwait Airways to sign $3 billion-plus Airbus deal
-
Abu Dhabi Tourism Company Loss Widens
-
Emirates Airline reaps expansion profits
-
Saudi Arabia has 13 cases of SARS-like Coronavirus – WHO
-
UAE Central Bank Shuts Two Money Exchange Firms For Violations
-
Emal plans further expansion
