Sunday 05, July 2009 by

Tabreed secures additional financing

National Central Cooling Company (aka Tabreed) the Abu-Dhabi based utility company said it has secured a two-year AED 750 million ($204.1 million) loan facility from First Gulf Bank (FGB). The deal follows the signing of an AED 368 million ($100 million) Ijarah financing for Tabreed from Abu Dhabi Commercial Bank (ADCB) in March of this year.

Features & Analyses

Islamic Finance Ensuring financial inclusion

The Global Islamic Economy Summit, set for the 5-6 October, will heavily stress the importance of financial inclusion to the future… read more