Monday 16, June 2008 by

ENBD, QNB and Arab Bank in $550 million loan

Al Arrab Contracting Company Ltd (ACC), part of the Al Rajhi group of Saudi Arabia, recently signed a term loan agreement jointly with Emirates NBD (ENBD), Qatar National Bank (QNB), and Arab Bank, the mandated lead arrangers and joint underwriters for $550 million, to partially finance the cost of constructing 10 towers located in the Pearl of Qatar project.

Features & Analyses

Islamic Finance The path forward

After years of milestones, Islamic finance in Dubai and beyond still has work to do, writes Abdulla Mohammed Al Awar, CEO of DIEDC read more