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Qatar Islamic Bank signs financing deal with Middle East Dredging

Posted on 24 April 2012

Qatar Islamic Bank (QIB), one of the largest Islamic banks in Qatar and one of the top-five Shari’a-compliant banks in the world, has announced the signing of a deal with the Middle East Dredging Company (Medco) to finance the company’s requirements to undertake access channel dredging work at the New Port Project.
Earlier this month, the steering committee for the New Port Project awarded a key dredging contract to Medco and that company approached QIB for the financing necessary to purchase the machinery, equipment, labour and other necessary works needed to execute the contract………………………………………..Full Article: Source

 
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