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SriLankan gets $175mln from Gulf banks

Posted on 02 July 2012

SriLankan Airlines signed a $175 million sharia-compliant loan, a statement from one of the arranging banks said on Sunday, the first time the carrier has borrowed from the international syndicated loan market.
The state-owned airline completed the four-year facility with Abu Dhabi Islamic Bank, Abu Dhabi’s Al Hilal Bank, Mashreq Bank, Dubai’s Noor Islamic Bank and United Bank Limited, a statement from Mashreq’s Islamic arm said………………………………………..Full Article: Source

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