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Islamic Finance Briefing - Categorized | Banking, Financial Instruments (Credit Cards, Debts, Loans, Mort more

Abu Dhabi Islamic Bank provides $ 100 mln finance facility to NPCC

Posted on 20 September 2010

From Albawaba.com: Abu Dhabi Islamic Bank (ADIB), a leading regional Islamic bank, will provide AED 367 million or USD 100 million Istisna’a and forward Ijara facility to National Petroleum Construction Company (NPCC) to fund the construction of a new SEP 450 self elevating accommodation and crane barge.
This deal is a significant milestone for NPCC as it the first Islamic finance facility in its corporate history. ADIB acted as mandated lead arranger and structured the deal while Waha Capital PJSC advised NPCC……………………………………….Full Article: Source

 
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