31 May 2017
Dubai - Winston & Strawn LLP represented Abu Dubai Islamic Bank (ADIB) as Mandated Lead Arranger in an AED310 million ($84m) syndicated development financing for Tamouh Investments.
 
The transaction will fund the final phase of the construction of Tamouh’s Paragon Bay Mall in Marina Square, Reem Island, Abu Dhabi.
 
Winston & Strawn Dubai-based Partner, and Chair of the firm’s Islamic Finance Practice, Shibeer Ahmed and Associate Shaheer Momeni acted as ADIB’s lead counsel on the transaction.
 
The ten-year project financing provided by ADIB, which was the mandated lead arranger and sole bookrunner for the transaction, will see Paragon Bay Mall become a hub of leisure, entertainment, and retail. It will be the first lifestyle community shopping centre on Reem Island to offer waterfront dining.
 
Winston & Strawn LLP is an international law firm with 18 offices located throughout North America, Asia, and Europe. More information about the firm is available at www.winston.com.

© Press Release 2017