Arab Today, arab today kfh concludes 350m syndicated club murabaha facility for kfhturkey
Last Updated : GMT 13:36:46
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.

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
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today As Olympics loom, China plunges into snow biz

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom, China plunges into snow biz
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
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