Gaurav Agarwal

Tamweel successfully closes USD 235 mn syndicated bank facility

Tamweel PJSC, a Dubai-based real estate financer has closed a 3-year USD 235 mn syndicated bank facility.

ABN AMRO and Noor Islamic Bank served as lead arrangers and joint bookrunners for the transaction, which has been priced in both US dollars and UAE dirhams, and will reach maturity in three years.

Wasim Saifi is Chief Executive Officer of Tamweel.
Gaurav Agarwal is Chief Financial and Support Services Officer, Tamweel.
Hussain Al Qemzi is Chief Executive Officer of Noor Islamic Bank.
Vishnu Deuskar is Head of Global Markets ABN AMRO UAE.

Source: http://www.albawaba.com/en/countries/UAE/226249

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