Al Jaber closes $400m Ijara

United Arab Emirates: Sunday, April 20 - 2008 at 09:28

Al Jaber Group announced that it has successfully closed a $400m syndicated bank facility, which will support the group's expansion to include purchase of machinery and equipment, said news reports. The five-year facility has been provided under a Sharia-compliant Ijara structure, and is being provided by a regional and international syndicate of 11 banks.

Medilyn Manibo Medilyn Manibo, Assistant News Editor
Sunday, April 20 - 2008 at 09:28 UAE local time (GMT+4)

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