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ADIB arranges $32 mln Structured Ijarah financing

Posted on 05 January 2011

From Cpifinancial.net: Abu Dhabi Islamic Bank (ADIB) has acted as Mandated Lead Arranger for the $32 million structured Ijara facility to fund the acquisition of up to six Offshore Supply Vessels (OSVs) for Waha Offshore Marine Services (WOMS), the marine chartering and operations arm of Waha Maritime.

ADIB said the financing represents an important milestone for Waha Maritime in its expansion in the Offshore Supply Vessel (OSV) sector. Waha Maritime is a subsidiary of Waha Capital, one of the Middle East’s leading diversified investment holding companies…………………………………….Full Article: Source

 
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