| 05 Sep 2010 |
|
al khaliji lead arranger for $185m loan
- Text size
DOHA: al khalijial khaliji
, the region's 'next generation' bank, participated as Lead Arranger in a $185m Syndicated Loan Facility arranged for Gulf Marine Maintenance and Offshore Service Company (GMMOS GroupGMMOS Group), a leading United Arab Emirates-based company.GMMOS GroupGMMOS Group is considered a leading operator in the marine and engineering services related to the offshore oil & gas industry sectors, extending their services to blue chip Oil & Gas companies in the GCC region.
The facility will be utilized to support GMMOS GroupGMMOS Group's growth plans in the offshore supply vessel sector with primary focus on the GCC and South East Asia, and future expansion potential in West and North Africa.
's participation is in line with the bank strategy to continue supporting prominent corporate institutions in the region and the economic and growth developments in the GCC.al khalijial khaliji
Acting Chief Executive OfficerBank Audi Robin McCall commented: "al khalijial khaliji has built strong foundations underpinning historic and future success. The bank will continue to be an active player in the syndicated loan and debt capital markets and continues to build strong relationships with corporate institutions in Qatar and the region."al khalijial khaliji offers a full range of conventional and Islamic banking products and services to retail, business, corporate and institutional customers in Qatar, the UAE and France. The bank is Qatar's second largest retail bank by paid-up capital and a member of the Qatar Exchange 20 Index with approximately QR17.5bn in total assets, QR9.2bn in customer deposits.
© The Peninsula 2010
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
More News in Financial Services
Loading ...
Post a Comment
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.