Saudi Binladin Group secures USD 2.27bn financing for airport expansion

Saudi Binladin Group has secured a USD 2.27bn Islamic financing facility from the investment banking arm of Malayan Banking and Bahrain's Gulf International Bank, Al Hilal reported. Among the 12 banks participating in the facility are Abu Dhabi Commercial Bank, Samba Financial Group, Ahli United Bank and Emirates NBD Bank. The facility is to finance the expansion of King Abdulaziz International Airport, the third largest airport in Saudi Arabia.
Source MENA Today
Dec. 16, 2011
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Saudi Binladin Group has secured a USD 2.27bn Islamic financing facility from the investment banking arm of Malayan Banking and Bahrain's Gulf International Bank, Al Hilal reported. Among the 12 banks participating in the facility are Abu Dhabi Commercial Bank, Samba Financial Group, Ahli United Bank and Emirates NBD Bank. The facility is to finance the expansion of King Abdulaziz International Airport, the third largest airport in Saudi Arabia.

Copyright 2011 Written by IntelliNews, Internet Securities, Inc - MENA Today.A Euromoney Institutional Investor Company.All Rights Reserved

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