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


First Gulf Bank - FGB
12.20 0.05 0.41%
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
QNBK 136 101,748
SABIC 82.43 4,880,290
YAMAMAHSTEEL 38 4,460,074
RIBL 11.09 980,637
IQCD 98 84,392
SIPCHEM 13.86 406,201
BRES 31.1 159,584
Recent News

Insurance sector ‘presents scope for further growth’
Bahrain’s insurance industry is ripe for consolidation, says an industry leader. Tas’heelat Insurance Services Company (Tisco)’s general manager Ali Al Daylami told the GDN that mergers and acquis

Bank Sohar sponsors GCC new age banking summit
As part of its commitment towards supporting the development of the local economy and the Banking industry as a whole in the country, Bank Sohar recently sponsored the GCC New Age Banking Summit. The

GCC individual investors more focused on long-term growth than short
Natixis commissioned an independent survey of over 7000 individual investors globally, including 300 in the GCC, from the affluent to the high net worth. It found that: An average of real annual ret

Shares fall amid listless trading
Shares on the Muscat Securities Market edged down amid listless trading on Wednesday. The MSM30 Index fell by 0.12 per cent amid lower trading activity to close at 5,930.51points. The MSM Sharia Inde

Siemens has helped Oman save 31% of gas in power generation: CEO
Siemens Technology has helped Oman save 31 per cent of gas in power generation, a senior company official said.

“The latest three power plants in Oman utilise Siemens gas turbines. Because

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?