ADIB Arranges $54.5 Million Funding For Real-Estate Project


13/12/2009 00:00 AST

Abu Dhabi Islamic Bank PJSC, the United Arab Emirates’ second-biggest bank complying with Muslim banking rules, arranged a 200 million-dirham ($54.5 million) financing facility for International Capital Trading.

The Islamic facility is to fund a real-estate project, the bank said today in an e-mailed statement. International Capital Trading is a private investment company based in Abu Dhabi.

Bloomberg
Abu Dhabi Islamic Bank - ADIB
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
QNBK 133.5 479,319
YAMAMAHSTEEL 40.4 8,857,095
SABIC 82 4,472,173
MAADEN 38.3 1,692,385
TAWUNIYA 85.25 28,380
EEC 27.3 259,846
RIBL 11.05 265,455
Recent News

Bank ABC wins global award for rebranding
Bahrain-based Bank ABC has won an award at the International Transform Awards Mena 2016 held in Dubai.

The bank which carried out a comprehensive rebranding exercise in 2015 won the Silver

Bahrain asset management sector posts strong growth
Total assets under management by investment firms in Bahrain have seen an increase of more than 13 per cent reaching $19.8 billion at of the end of first quarter from $17.5bn for the same period last

Central Bank of Oman highlights importance of restructuring bank loans
Central Bank of Oman (CBO) has taken a series of precautionary measures for restructuring bank loans, said Ali bin Hamdan Al Raisi, executive vice president of the bank, at a banking workshop.

Sukuk market to witness better activity in Oman
Several Omani private firms are keen to raise funds by way of sukuk or Islamic bond issues, after Mohammed Al Barwani Holding LLC receiving approval from the market watchdog Capital Market Authority

IMF’s tip to go gradual sways economists divining Bank of Russia
Even after almost a year of unchanged rates, caution is still a virtue for economists gauging the Russian central bank’s next move.

All but two of the 25 economists surveyed by Bloomberg agr

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?