Wed, Oct 1, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Finance, Property, Projects, Infrastructure more

Apicorp raises billions in Sharia-compliant syndicated financing

Posted on 14 February 2012

Arab Petroleum Investments Corporation (Apicorp), the multilateral development bank of the ten member states of the Organization of Arab Petroleum Exporting Countries (OAPEC), on Monday announced it has successfully closed a three-year 2.5 billion-riyal ($667 million) syndicated Sharia-compliant facility from four leading Saudi Arabian banks on competitive market terms.
The facility, which is Apicorp’s debut syndicated Sharia-compliant financing, is aimed at retaining and increasing its medium term funding. The government of UAE has a 17 per cent stake in Apicorp………………………………………..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
October 2014
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031