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Islamic Finance Briefing - Categorized | Banking, Finance, Property, Projects, Infrastructure more

Enoc secures $100mln financing

Posted on 20 June 2012

Horizon Terminals Ltd (HTL), the wholly-owned subsidiary of Emirates National Oil Company (Enoc) focused on terminalling operations, has signed a 10-year Islamic term financing facility of $100 million with Standard Chartered Bank, Emirates NBD and Noor Islamic Bank.
The term partly finances the construction of a second 60 km jet fuel pipeline from the new bulk liquid petroleum terminal in the Jebel Ali Free Zone to the Dubai International Airport, and its associated storage tank farm with 141,000 cubic metres of capacity. The transaction has a dual tranche of USD and AED………………………………………..Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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