Dubai Aerospace Enterprise (DAE), an aircraft leasing company, has successfully secured a $300 million loan from the Bank of China. This financing will be utilized for general corporate purposes and to support upcoming financial requirements, according to a statement released by the company. The loan is structured as a three-year unsecured term loan and was...
Abu Dhabi Future Energy Company PJSC, known as Masdar, has initiated the launch of $1 billion in dual tranche no-grow Reg S senior unsecured bonds. These bonds will have tenures of 5 and 10 years, reflecting Masdar’s commitment to financing renewable energy projects. The issuance is being managed by a group of joint lead managers...
Solidarity Group Holding, a Shariah-compliant insurer, has successfully arranged a Murabaha financing agreement worth BHD 58 million, equivalent to $153 million, with the Bank of Bahrain and Kuwait (BBK). This funding will facilitate Solidarity’s acquisition of Bahrain National Insurance (BNI), which is a subsidiary of Bahrain National Holding. Earlier this year, Solidarity Bahrain, a unit...
Emaar The Economic City (Emaar EC) has successfully obtained a loan of 1 billion riyals, equivalent to $267 million, from the Public Investment Fund (PIF) to support project costs and drive growth. This loan is part of the company’s Capital Optimisation Plan. The new financing represents an amendment to a prior agreement made in 2023...
Emirates NBD Egypt announced on Monday that it has signed a financing agreement worth 3 billion Egyptian pounds, approximately $59 million, with the National Authority for Tunnels (NAT). This deal is aimed at providing long-term credit facilities to support the development of public transportation projects in Egypt. The agreement was formalized by Tamer Ragheb, the...
Flynas, the prominent low-cost airline in the Middle East, has successfully finalized a Murabaha financing agreement with Bank AlJazirah valued at SAR 495 million (approximately $132 million). This financing will support the acquisition of three advanced Airbus A320neo aircraft, a move aimed at boosting the airline’s operational capacity and enhancing competitiveness within the Saudi aviation...