People walk past Mashreq bank in Dubai, United Arab Emirates July 26, 2017. REUTERS/Nawied Jabarkhyl
Bahrain’s Oil & Gas Holding Company has hired Gulf International Bank (GIB) and Mashreq (MASB.DU) to refinance an existing $1.6 billion murabaha facility, GIB said on Tuesday.
“The proposed transaction will have both Islamic and conventional tranches and will be sustainability linked,” GIB told Reuters in response to a query.
Oil & Gas Holding and Mashreq did not immediately respond to requests for comment. Reporting by Yousef Saba and Saeed Azhar; Editing by David Goodman
This article was originally published by Reuters.
Formula 1® today announced that the Turkish Grand Prix will return to the FIA Formula…
“All parties have remained fully committed to acting in the best interests of Formula One”…
Discipline, execution and long-term value define a market that has weathered instability before and emerged…
Discussions touched on how continued growth of Montenegro’s motorsport can help boost the economy Dubai,…
Nationwide transformation drive positions the country as a regional leader in smart government Qatar is…
Labour laws offer strong safeguards, but companies weigh cost pressures and restructuring options As geopolitical…