UAE's ADIB, AAIB lead arrangers for $87 mln facility

Deal structured to meet Omniyat’s financing objectives, particularly its Opus Project

  
An investor looks at stock exchange information at the Dubai Financial Market December 1,2009.

An investor looks at stock exchange information at the Dubai Financial Market December 1,2009.

REUTERS/Mosab Omar

Sunday, Jan 29, 2017

Dubai: Abu Dhabi Islamic Bank (ADIB) acted as the bookrunner and underwriter for a Dh325 million Islamic financing facility for Dubai-based property developer Omniyat.

In a statement on Sunday, the bank said that it was also the mandated lead arranger along with Arab African International Bank for the financing facility. The deal was structured to meet Omniyat’s financing objectives, particularly for its Opus Project, a mixed use development comprising offices, hotel, and serviced residences designed by late architect, Dame Zaha Hadid.

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