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"SABB is a pioneer in creating Islamic banking services that suit the market requirements. This deal is one of the products SABB developed to meet the requirements of companies wishing to conduct Islamic deals. This emphasizes SABB ability and success in managing the projects it is involved in and to provide best financial products and solutions to cope with the modern requirements and caters for the special needs of investors and borrowers."
He added that Al-Babtain Company, represented by its management are distinguished for their ability to understand the facts and various requirements of the market as well as to seek effective solutions for drawing the future financial requirements of the company; this is in addition to their keenness to benefit from the Islamic banking services.
The hedging against the fluctuation of financing costs is a product of SABB Amanah, and the deal was liaised and followed up by Ahmed Al-Omair, Area General Manager Financial Services and Corporate Department.
Posted by Anne-Birte Stensgaard, Senior News Editor
