DUBAI, Nov 30 (Reuters) - National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco , said on Wednesday it had signed a $350 million Islamic 10-year financing deal to pay for the building of five oil tankers.

The 10-year murahaba financing was arranged by Standard Chartered , which also contributed to the deal along with Arab National Bank and National Bank of Abu Dhabi, it said.

A murabaha is a cost-plus-profit arrangement which complies with Islamic finance standards.

The tankers were previously ordered from South Korea's Hyundai Samho Heavy Industries Co.



(Reporting by Reem Shamseddine; Writing by Tom Arnold. Editing by Jane Merriman) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))