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Al Khaliji to arrange $286m for Qatari company
- Qatar: Thursday, September 04 - 2008 at 07:12
Al Khaliji and Standard Chartered Bank are two of the banks mandated to to raise a 1.04bn Qatari riyal ($286m) term loan facility for Medina Centrale Company, a wholly-owned subsidiary of the United Development Company. The other underwriters and initial mandated lead arrangers are the Commercial Bank of Qatar, mashreq and International Bank of Qatar. The facility will partially finance the development of the Medina Centrale precinct on Pearl-Qatar Island. Medina Centrale is the towncentre of the Pearl-Qatar, a combination of residential, retail and leisure properties.
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Jeff Florian, Senior ReporterThursday, September 04 - 2008 at 07:12 UAE local time (GMT+4)
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