Bank of London and the Middle East arranges $50 million syndicated Ijarah shipping facility<p>

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Tuesday 17, June 2008 by

Bank of London and the Middle East arranges $50 million syndicated Ijarah shipping facility

Bank of London and The Middle East plc (BLME) has completed of a $50 million syndicated Ijarah leasing facility for Dubai-based shipping company called Al Ghadeer Marine Shipping, to fund the acquisition of the 53,000DWT double-skinned bulk carrier, Sara V.

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