Wed, Sep 17, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Financial Instruments (Credit Cards, Debts, Loans, Mort more

Bahrain’s Unicorn repays $125 mln Murabaha facility

Posted on 04 February 2011

From Reuters: Bahrain’s Unicorn Investment Bank has repaid a $125 million three-year syndicated commodity murabaha facility, it said on Thursday. The facility was arranged by Dubai Bank and Raiffeisen Zentralbank Osterreich AG (RZB) in January 2008 and was due on Januray 27, Unicorn said.
“The repayment has contributed to the reduction of Unicorn’s liabilities from over US$600 million in 2009 to minimal levels currently,” Ikbal Daredia, acting chief executive, said……………………………………….Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930