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NCB secures ‘best Islamic project finance deal’ award

Posted on 28 March 2013

The National Commercial Bank (NCB) was recently declared winner of the “Best Islamic Project Finance Deal 2013 Award” by Euromoney for being one of the main organizers and for its participation with major portion of the total finance amounting to $1.2 billion for the expansion project of Prince Mohammed bin Abdulaziz International Airport in Madinah.
This is the first financing transaction in the world for an airport project structured in accordance to the Islamic law with the partnership of the public and private sectors. NCB is considered as the largest contributor to the finance deal for this megaproject, the funding of this Shariah-compliant transaction is primarily based on the assets………………………………………..Full Article: Source

 
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