First Gulf Bank provides financing to Ferrari World, Al Zeina fit-outs


First Gulf Bank - FGB
15.45 0.15 0.98%
28/07/2010 00:00 AST

Cloisall, the interior fitting and contracting company, has secured AED 112 million ($30.5 million) in financing from First Gulf Bank (FGB) for two prestigious Abu Dhabi contracts; the bridge for Yas Island's world-renowned Ferrari World theme park and Al Zeina, Al Raha's high-end gateway

"Cloisall's impressive and long-standing proven track record of success with some of the UAE's most high profile, architecturally distinct and internationally renowned projects left us very confident in investing in them. We are excited to be part of these distinguished projects and to be contributing to the development of a company that is showing so much promise and growth" Shahid Amin Sheikh, Senior Vice President of First Gulf Bank.

"We are always looking for new and exciting projects. By providing the highest quality interior fit-out solutions and setting meticulous quality standards, an essential part of Cloisall's identity, we guarantee clients receive the best service and the highest possible performance and quality available today. We are very excited about the Al Zeina and Ferrari World projects. It is an honour to be contributing to the remarkable innovative architecture of Abu Dhabi and a great opportunity to once again showcase Cloisall's excellence," said Fadi Bouchaaya, Cloisall Projects Director.

CPIFINANCIAL
First Gulf Bank - FGB
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
SAGRINSURANCE 31.52 761,659
ALKHODARI 28.52 216,681
SABIC 96.04 4,935,763
RIBL 16.07 333,208
SPIMACO 43.24 472,755
SAVOLA 68.57 959,307
TAWUNIYA 104.91 524,019
Recent News

Will Oman go United Arab Emirates way on fuel subsidies?
Muscat: Experts believe Oman will probably follow the United Arab Emirates (UAE) to end subsidies on domestic petrol as the Sultanate looks at ways to rein in its chronic deficits that have dogged it

Alba to sponsor Bahrain International Airshow
Manama: Alba has signed on as “gold” sponsor of the Bahrain International Airshow (BIAS) 2016, it has emerged.

BIAS 2016 is scheduled to be held at the Sakhir Airbase from January 21 to 23

Bahrain government- Bond oversubscribed
Manama: A public issue of five-year government development bonds has been oversubscribed, the Central Bank of Bahrain (CBB) announced yesterday.

Subscriptions worth BD181.2 million (121 pe

BCCI starts executive restructure
Manama: Bahrain Chamber of Commerce and Industry (BCCI) yesterday announced it has started implementation of a plan to restructure its administrative and executive body.

The reforms, which

Falcon Holding to boost Bahrain’s aviation push
Manama: Bahrain’s sovereign fund Mumtalakat is looking for acquisition opportunities in the aviation sector, its chief executive has said.

Mahmood Al Kooheji also told the GDN that Falcon

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

Poll

Which of the following do you think is the best long-term investment?