Allen & Overy advised Emirates Bank International PJSC as original mandated lead arranger in relation to a USD300 million and AED367 million term loan facility for Al Jaber Transport & General Contracting LLC and its affiliates, which was signed today.
The lenders include a syndicate of regional and international banks including Lloyds TSB Bank plc, Abu Dhabi Commercial Bank, BBK, First Gulf Bank, Mashreqbank psc, National Bank of Dubai psc, International Bank of Qatar (Q.S.C.) and Sumitomo Mitsui Banking Corporation Europe Limited.
The Allen & Overy Dubai-based team was led by partner and head of the Dubai banking practice Bimal Desai, assisted by senior associate Shehzaad Sacranie.
Allen & Overy partner Bimal Desai commented, "We are very pleased to have advised Emirates Bank International on this transaction, which demonstrates our syndicated loan expertise and our leading position in the region".
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Notes for Editors:
Allen & Overy is an international legal practice with over 4,900 staff, including some 449 partners, working in 25 major centres worldwide.
Allen & Overy in Dubai was named "Middle East Law Firm of the Year" and "UAE Law Firm of the Year" awards at the IFLR Middle East Awards 2006.
Allen & Overy in Dubai has 50 staff with 6 partners and 25 associates.
In this press release "Allen & Overy" means "Allen & Overy LLP" and/or its affiliated undertakings.
Any reference to a 'partner' means a member of Allen & Overy LLP or an employee of or consultant to Allen & Overy LLP who has equivalent standing and qualifications, or a member, shareholder, partner of or consultant to an affiliated undertaking who has equivalent standing and qualifications.
For further information, please contact
Bimal Desai
bimal.desai@allenovery.com
+971 (0)4 303 5635 or
Melanie Carruthers
melanie.carruthers@allenovery.com
+971 (0)4 303 5639 in Dubai.
© Press Release 2006
