| Abu Dhabi Islamic Bank (Adib) announced today that it had closed an Dhs302 million ($82m) syndicated Islamic financing deal for Emirates National Factory for Plastic Industries (ENPI), the UAE's leading manufacturer of plastic packaging solutions and paper products.
This financing will be used in conjunction with ENPI's recent acquisition of 100% share of ENPI Packaging Division by Saudi Printing & Packaging Company - a publicly listed Saudi company (SPPC), the largest publicly traded printing & packaging company in the region. The Technology Division of ENPI has spun-off and been carved-out in conjunction with the acquisition...............................................Full Article: Source
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