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GIS strikes Islamic finance deal to fund expansion

Posted on 05 June 2012

Gulf International Services (GIS) has entered into an Islamic finance agreement with four entities for $170mn (QR619mn) to part fund its expansion drive.
The funds would be partly used for completing the acquisition of Amwaj Catering Company (from Qatar Petroleum) and partly partake in another subsidiary Gulf Drilling International’s capital increase, said a GIS spokesman in a communiqué to the Qatar Exchange………………………………………..Full Article: Source

 
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