Oct 05 2007 |
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UAE: Finance House in $37m deal
Abu Dhabi - Abu Dhabi based Finance House has arranged a $37.2 million (Dh136.52m) financing for Ithmar Capital 's acquisition vehicle structured to invest in the construction and building industry.The acquisition vehicle's first investment was the recent purchase of new share issue of Mushrif Trading & Contracting Company , at $97.2m (Dh356.72m).
The deal was arranged in conjunction with Qatar National Bank . Finance House acted as the mandated lead arranger, facility agent and security agent for the transaction, which was concluded in 45 days.
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