Al Jazeera Finance (AJF) has signed a $95.0 million (QAR 345.8 million) three-year dual currency Murabaha facility with a syndicate of banks from the GCC, its first syndicated financing transaction.
QInvest acted as Sole Bookrunner and Structuring Advisor to AJF. Qatar Islamic Bank took the Mandated Lead Arranger (MLA) role and is also acting as the Investment Agent. Ahli United Bank, First Gulf Bank UAE and QInvest were the Lead Arrangers.
Established in 1989 and backed by major shareholders including Qatar National Bank, Qatar Insurance Company and its two founding shareholders (Qatar Islamic Bank and Awqaf – the Ministry of Endowment and Islamic Affairs), AJF is the oldest and largest consumer finance company in Qatar.
AJF provides car financing, mortgages, retail and corporate financing, designed to improve the access to finance for retail customers, and to support the business growth of corporate clients, in particular small-to-medium-enterprises (SMEs), be it for business expansion purposes, the acquisition of a car, a house, consumer durables or additional funds for personal spending.
Read more: http://www.cpifinancial.net/news/post/18590/al-jazeera-finance-95-million-syndicated-facility-arranged-by-qinvest
No comments:
Post a Comment