Arab Today, arab today kfh concludes 350m syndicated club murabaha facility for kfhturkey
Last Updated : GMT 06:51:55
Arab Today, arab today
Arab Today, arab today

KFH concludes $350m Syndicated Club Murabaha facility for KFH-Turkey

Arab Today, arab today

Arab Today, arab today KFH concludes $350m Syndicated Club Murabaha facility for KFH-Turkey

Chief Executive Officer Mazin Saad al-Nahedh
Kuwait - KUNA

Kuwait Finance House (KFH) has announced the successful conclusion of USD 350 Mln syndicated club murabaha facility for KFH-Turkey.
In a press release, the Bank said that the deal was twice oversubscribed and was conducted in a record time with participation of 12 global and regional banks, which affirms the strong position of KFH Group and the Turkish economy, in addition to the global momentum of sharia -complaint products and structures.
Chief Executive Officer at KFH, Mazin Saad Al-Nahedh, stated that KFH had been appointed as the deal consultant with KFH-Turkey's subsidiary in Dubai, where KFH managed, by its Structured Finance Team, to appoint the lead arrangers of the deal, set marketing and subscription strategies and plans, appoint the legal consultant, and identify financing and participants' costs.
He added that the syndicated club murabaha facility was arranged in two tranches of 2-year term for USD 300 mln and 2 and 3-year term for Euro 40 mln.
Moreover, Al-Nahedh indicated that ahead of KFH-Turkey's request to arrange the deal, KFH managed to conclude the deal in 4 weeks which is considered a record time for such kind of deals.
The subscription reached USD 40 mln which prompted KFH-Turkey to increase the deal's value to USD 350 mln from the initial value of USD 250 mln.
Al-Nahedh stressed that attracting participation from 12 regional and global banks and financial institutions as lead arrangers or lenders, confirms KFH's robust position and outstanding capacity to arrange such deals.
It also affirms the confidence in KFH, its extensive experience, and strong relationships in international markets. He said that the deal offers KFH diversity in currency; US dollars and Euro, which enhances the bank's ability to finance as per market's demands, and meet clients' needs in those currencies.
Furthermore, Al-Nahedh underlined KFH's unremitting efforts in boosting debt capital market by arranging significant deals and projects in an attempt to address the increasing growth of sharia-compliant products and services, noting that KFH enjoys enormous amount of regulatory experience and comprehensive knowledge of legal and legislative aspects by virtue of its leading position and local and global milestones in this field.
It is worth noting that lead arrangers are: Abu Dhabi Commercial Bank, Arab Banking Corporation Islamic Bank, Barwa Bank, Emirates NBD, Noor Bank, and Qatar Islamic Bank, while other participants are: Boubyan Bank, NBK, the Saudi British Bank SABB, Ahli United Bank-Bahrain, United Arab Bank, and Commerzbank.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kfh concludes 350m syndicated club murabaha facility for kfhturkey Arab Today, arab today kfh concludes 350m syndicated club murabaha facility for kfhturkey

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kfh concludes 350m syndicated club murabaha facility for kfhturkey Arab Today, arab today kfh concludes 350m syndicated club murabaha facility for kfhturkey

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday