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Abu Dhabi Islamic Bank arranges syndicated Islamic finance deal for Majid Al Futtaim

Posted on 15 December 2010

Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, announced today that it had arranged a syndicated, Dhs1.14bn Islamic financing deal for UAE’s Majid Al Futtaim (MAF) Group.
ADIB acted as the Initial Mandated Lead Arranger, Sole Bookrunner, Investment Bank and Security Agent Bank for the deal. Other banks that participated in the financing deal include Al Khaliji Commercial Bank as Mandated Lead Arranger, Al Hilal Bank, First Gulf Bank and United Arab Bank as Lead Arrangers and Ajman Bank as Arranger. In addition Clifford Chance LLP was the syndicate’s counsel and Norton Rose was MAF counsel……………………………………….Full Press Release: Source

 
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