09.02.2012 - Abu Dhabi Islamic Bank finances JBF RAK LLC's expansion with Dhs275mln
Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution, announced that it had closed a Dhs275m ($75m) syndicated Islamic financing facility for JBF RAK LLC (JBF RAK), a subsidiary of JBF Industries. This marks the debut Islamic finance facility for JBF RAK, a specialist polymer manufacturer focused on PET polymer resin chips (chips) and BOPET film products (films). It is a leader in the Middle East region with a market share of over 20% in chips and film products. (Press Release)