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


First Gulf Bank - FGB
11.50 -0.10 -0.87%
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
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
SABIC 63.72 13,170,990
SAGRINSURANCE 24.93 1,401,257
TAWUNIYA 67.39 433,821
ALMARAI 66.51 242,551
RIBL 11 849,173
BURUJ 13.74 448,398
GISS 29.1 2,793,274
Recent News

SICO retains top broker status on stock exchange
Securities & Investment Company (Sico), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced it has retained its status as the leading broker on the Bahrain Bourse (BH

Bahraini firms urged to focus on innovation
Bahraini firms need to innovate to retain their competitive advantage, according to Industry, Commerce and Tourism Ministry Under-Secretary for industrial affairs Osama Al Arrayed.

“Innov

Bahrain offers the region’s lowest operating costs for the financial
Financial sub-sectors that require higher numbers of educated, bilingual employees, such as ancillary services for the insurance, asset management and Islamic finance sectors, are particularly well p

Omani firm inks mining deal with Rwanda
Rwanda-based Tri Metals Mining Limited, a subsidiary of Mawarid Mining LLC, a wholly-owned subsidiary of MB Holding Company LLC registered in the Sultanate of Oman, has signed three large-scale mini

Automated storage system can boost efficiency: Experts
Automation of storage facilities can help enhance productivity and efficiency but certain requirements need to be met, such as training of staff and proper maintenance, said experts at a conference i

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?