First Gulf Bank Inks Finance Deal With Mubadala |
|
Network this!
4 January 2009, Abu Dhabi, U.A.E.: First Gulf bank (FGB)First Gulf bank (FGB)
, one of the UAE's leading financial institutions, has signed along with five other leading regional and international banks a $323 million syndicated loan with Mubadala Development Company (Mubadala)Mubadala Development Company (Mubadala). The twenty year loan will be used to finance the new campus of Paris Sorbonne University Abu Dhabi. FGBFGB will act as the mandated lead arranger providing 25% of the total project value, as well as the Onshore Security Agent and the Onshore Accounts Bank.
"His Highness Sheikh Khalifa Bin Zayed Al Nahyan, the UAE President and General Sheikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, have urged the partnership of the private and public sectors in many initiatives now being implemented to position Abu Dhabi as a global hub for business, tourism and education, as well as increase the international standing of the UAE capital. FGBFGB is committed to expressing its support and is pleased to being a part of such initiatives," said Abdulhamid Saeed, FGBFGB's Managing Director.
"FGBFGB continues to take impressive strides to ensure its status as a fully fledged financial institution delivering world class financial services and products to our clients. Partnering with MubadalaMubadala for this prestigious project is yet another milestone," said André Sayegh, FGBFGB's CEO.
"Education is the cornerstone of any country's future. Having strong education infrastructure helps building generations of educated and knowledgeable youth. The development of our youth ensures the development of the UAE, which will ultimately be of benefit to all." Sayegh added.
Joining First Gulf BankFirst Gulf Bank as mandated lead arrangers are Bank of Tokyo-Mitsubishi UFJ Ltd, BNP ParibasBNP Paribas, CalyonCalyon which is the Facility Agent and Offshore Security Agent, Royal Bank of ScotlandRoyal Bank of Scotland and Sumitomo Mitsui Banking Corporation.
-Ends-
For further information, please contact:
Maha Yassine
Head of Corporate Communications
First Gulf Bank
Tel: 971 2 6920101
Email: maha.yassine@fgb.ae
© Press Release 2009
Comment on this article 
Loading ...-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
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. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Loading ...
from issuers in both public and private sectors. It is not an e-tendering service and is entirely FREE.
As an Issuer, you can benefit from posting an unlimited number of Tender
Notices for FREE and reaching out to an online community of bidders.
The service also offers you a tool to track the interest of bidders to your
tenders 'live' online.
| Financial Services Tenders | Due Date |
Stories
Companies
| Company Name | Country | Industry |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Saudi Telecom | Saudi Arabia | Telecommunications Services |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Emirates Aluminium Company | UAE | Metal Production |
| Saudi Electricity Company | Saudi Arabia | Electric Utilities |
| Dodsal Engineering and Construction | UAE | Construction and Design |
| Roads and Transport Authority - Dubai | UAE | Regulatory and Administrative Bodies |
| Emirates Telecommunications Corporation | UAE | Telecommunications Services |
| Pepsi Cola International (Middle East) | Region-wide | Beverages |
| Dubai Natural Gas Company | UAE | Gas |
Projects
| Project Name | Country | Sector |
| Takreer - Ruwais Refinery Expansion | UAE | Oil and Gas |
| Emirates Aluminium (EMAL) - Smelter Complex - Phase 1 | UAE | Industry |
| Abu Dhabi DOT - Abu Dhabi Metro | UAE | Infrastructure |
| ENEC - Nuclear Power Plant | UAE | Power and Water |
| Dubai RTA - Dubai Metro | UAE | Infrastructure |
| SATORP - Jubail Refinery and Petrochemical Complex | Saudi Arabia | Oil and Gas |
| Al Safwa - Jeddah Cement Plant | Saudi Arabia | Industry |
| Qatar Bahrain Causeway Foundation - Qatar Bahrain Causeway | Bahrain | Infrastructure |
| Qatar Bahrain Causeway Foundation - Qatar Bahrain Causeway | Qatar | Infrastructure |
| Al Futtaim Carillion - Marina Hotel (Yas Island) | UAE | Real Estate |