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Tamweel closes $235m syndicated bank facility
- United Arab Emirates: Thursday, April 24 - 2008 at 06:53
Dubai-based Islamic mortgage lender Tamweel said it successfully closed a $235m syndicated bank facility, which involved the participation of leading regional and international financial institutions, including banks based in the Far East. The facility, provided under a Sharia-compliant structure, will be used to fund Tamweel's long-term growth and aggressive business objectives.
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Jeff Florian, Senior ReporterThursday, April 24 - 2008 at 06:53 UAE local time (GMT+4)
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