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


First Gulf Bank - FGB
17.25 0.25 1.47%
28/07/2010 00:00 AST  CPIFINANCIAL

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.

First Gulf Bank - FGB
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
EEC 37.4 2,568,154
ALKHODARI 32.2 994,383
MESC 25.9 1,202,743
TAWUNIYA 70.75 334,002
SABIC 92.5 2,073,591
SECO 16.05 1,302,534
ACIG 25.2 258,217
Recent News

Energy may see further weakness as key names report
(Reuters) - Stock prices in the U.S. energy sector have been under pressure in 2015, and there could be more bad news to come when several key players report their fourth-quarter results next week.

Alwaleed’s Kingdom Holding Planning to IPO Investments Next Year
Kingdom Holding Co., the investment company owned by Saudi billionaire Prince Alwaleed Bin Talal, is planning to sell shares in a “significant” number of assets.

The firm, through which Prin

Dubai Shares Lead Gulf Equity Market Rally After Oil Prices Jump
Dubai stocks advanced the most in three weeks, leading equity markets across the Arab world higher, after oil rallied on signs a price slump will curb output.

The DFM General Index added 2.8

Japan likely returned to growth in October-December
TOKYO -- The Japanese economy appears to have expanded during the October-December period, marking the first growth in three quarters thanks to a long-awaited recovery in consumer spending.

Zain Bahrain B.S.C. (ZAINBH) Cash Dividend Recommendation
The Board of Directors (BOD) of Zain Bahrain B.S.C. (ZAINBH) agreed in its meeting held on Saturday 31/1/2015, to recommend the following distribution to its shareholders registered on the date of th

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?