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
EEC 24.65 727,618
QNBK 151 133,972
RAKBANK 5 513,328
SABIC 96.79 2,615,086
BKMB 0.44 839,774
DHBK 34.5 195,993
ARNB 21.49 1,152,648
Recent News

Despite foreign selling Oman shares remain stable
Despite foreign selling in Bank Muscat and HSBC Bank, the MSM30 Index remained stable at 5,616.75 points, up 0.12 per cent. The MSM Sharia Index finished at 850.72 points, down 0.20 per cent. Bank Ni

Total assets of Islamic banking reached $924b in 2015
Total assets of Islamic banking reached $924b in 2015, with growth rates declining across all regions compared to previous years, according to EY’s ‘Banking in emerging markets’ report. The Gulf coop

Kazakhstan for economic partnership with Qatar
Governor of Astana International Financial Centre in the Republic of Kazakhstan, Dr Kairat Kelimbetov, (pictured) yesterday stressed his country's keenness to establish various partnerships at differ

Doha Bank finances Tornado Tower
Doha Bank, one of the largest commercial banks in Qatar, has completed a financial arrangement with Tornado Co. for re-financing the iconic Tornado Tower in West Bay. This long term transaction is on

GFH to inject cash in stalled Bahrain development
GFH Financial Group (GFH) has completed a debt-restructuring agreement with the developer of a long-delayed US$700 million project in Bahrain.

In a statement to the Dubai stock exchange ye

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?