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Saudi Hollandi seals $195m loan

  • Saudi Arabia: Sunday, August 03 - 2008 at 11:59

Saudi Hollandi Bank has acted as the sole Lead Arranger and underwriter for the $195m fully Islamic financing for Arabian Amines Company, a joint venture between Al-Zamil Group and the global petrochemicals manufacturer Huntsman Corporation. The transaction consists of Murabaha and Ijara tranches duly approved by the Shariah Board of Saudi Hollandi Bank.

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