In June, Zain Saudi Arabia signed a 2.25 billion Saudi riyals (Dh2.2 billion) Islamic loan
to refinance an existing facility with the Commercial and Industrial Bank of China.
The ECC had recommended a revised term sheet as agreed upon by the Mandated Lead Arrangers and Power Holding (Pvt) Limited and signed on January 16 besides that out of the Islamic loan
being raised, payments are made in such a manner that substantial funds flow to PSO through various generation companies/power producers in addition to payments of RLNG.
The firm's debt problems stem from a $325 million Islamic loan
restructuring signed in June 2015 and was provided by a group of banks including Noor Bank, Barwa Bank as well as Ajman Bank, United Arab Bank and Qatar Islamic Bank.
Saudi-based developer, Fawaz Abdulaziz Alhokair, has said that his firm, Arabian Centres Company, has sourced an Islamic loan
Here are some of the most prominent Islamic car financing banks, which are providing services to the customers under the terms and conditions of Islamic loan
Saudi Binladin Group (SBG) has requested a second extension on a $218m (SAR817m) Islamic loan
being used to fund construction at the kingdom's Grand Mosque, sources told Reuters .
Emaar the Economic City rose 2.2 percent after it said an affiliate had obtained a SR2.7 billion ($720 million) Islamic loan
from banks to finance the second phase of building King Abdullah Port.
Summary: Jebel Ali Free Zone (JAFZ) made an early repayment of its AED 2 billion (US$ 544.6) Islamic loan
facility to banks nearly four and a half years ahead of scheduled maturity in June 2020.
Jebel Ali Free Zone has made an early repayment of its Dh2 billion Islamic loan
facility to banks nearly four-and-a-half years ahead of its scheduled maturity in June 2020.
Sunrise Properties has secured a AED515 million (US $140.2 million) Islamic loan
for the development of a luxury hotel project, it was announced on Tuesday.
Summary: State-owned firm says first loan is worth $7 billion in US dollars while second is $3-billion Islamic loan
in Saudi riyals.