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QIB seals $800m financing deal
- Qatar: Sunday, February 03 - 2013 at 15:21
Like the Abu Dhabi market measure, the Qatar Exchange 20 Index ended unchanged. The gauge ended at 8,726.32 Sunday. Qatar Islamic Bank or QIB closed likewise even at QR73.90.atar Islamic Bank has announced the signing of an QR 800 million financing deal with NBK Holding. The signing ceremony took place at NBK Holding's headquarters and was attended by His Excellency Sheikh Nawaf Nasser Bin Khaled Al Thani, Chairman and CEO of NBK Holding, and Mr Ahmad Meshari, Acting Chief Executive Officer of QIB. His Excellency Sheikh Nawaf said "The financing agreement with QIB will enable NBK to move forward with its ambitious expansion plans. NBK Holding's subsidiaries have significantly contributed to the Qatari private sector and the company's strategy is to continue its pioneering role in the economic growth of Qatar." "This collaboration between NBK Holding and QIB is an example of successful partnerships that should and do exist between local institutions. We are very happy with the Islamic finance solutions that QIB presented to us to finance our projects, and we will work with the Bank to develop this relationship further into the future by nurturing the constructive co-operation between the two organisations."
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Gérard Al-Fil, Financial JournalistSunday, February 03 - 2013 at 15:21 UAE local time (GMT+4)
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