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UAE banks arrange $175 mln Islamic financing for Sri Lankan Airlines

Posted on 02 July 2012

Abu Dhabi Islamic Bank, Al Hilal Bank, Mashreq, Noor Islamic Bank and United Bank Limited have played a key role in arranging an Islamic structured facility for state-owned carrier Sri Lankan Airlines.
Abu Dhabi Islamic Bank, Al Hilal Bank, Mashreq’s Islamic Banking Division, Mashreq Al Islami, Noor Islamic Bank and United Bank Limited arranged the facility as Mandated Lead Arrangers and Bookrunners The facility structure is Shari’ah-compliant and was subscribed in US dollars and AED………………………………………..Full Article: Source

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