Emirates Bank and the shareholders represented by Shaikh Sultan Bin Saqr Al Qassimi worked closely together to conclude this transaction. Financing was unique as it involved structuring a debt for an offshore SPV & a simultaneous pay-off to Societe Generale (Paris), and was solely managed by Emirates Bank.
The signing ceremony witnessed exchange of documents between Shaikh Sultan, Societe Generale (the outgoing shareholder) and Emirates Bank.
Al Tamimi acted as legal advisors for the deal.
Browse
related articles
EBI finances major UAB shareholders
- United Arab Emirates: Wednesday, March 02 - 2005 at 15:38
- PRESS RELEASE
Emirates Bank has been mandated as arranger and debt provider by the majority shareholders of United Arab Bank to finance acquisition of the 20% shareholding of the outgoing shareholder of UAB, namely, Societe Generale, Paris.
Related stories
Also consider reading:
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
Today's most read articles:
Log in to request more information from Emirates Bank Group
Posted by Anne-Birte Stensgaard, Senior News EditorWednesday, March 02 - 2005 at 15:38 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Tue Mar 27 2007.
Disclaimer:
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
It looks like you are using a Mac - check out our 
Web Feeds