Tuesday 08, April 2008 by
Bank of London and the Middle East participates in Qatar infrastructure financing
The Bank of London and The Middle East (BLME), the London based wholesale, Sharia’ah compliant bank launched last year, has participated $20 million of forward lease financing to Qatar Electricity and Water Company (QEWC), for the construction of the Ras Abu Fontas A1 (RAF A1) water desalination plant to be built in the northern part of Ras Abu Fontas, Qatar. The Islamic tranche of the transaction was introduced to BLME by European Finance House (EFH), the London based subsidiary of Qatar Islamic Bank (QIB).
