IslamicFinance.de

UAE's Mashreq Al Islami has successfully closed a 5 year USD 500 million senior secured syndicated facility for Ezdan Holding Group Company Q.S.C., the largest private sector real estate developer in Qatar. Mashreq Al Islami UAE acted as Mandated Lead Arranger, Sole Book Runner and Facility Agent for the facility. Other banks that participated in the financing included Abu Dhabi Islamic bank, Ahli United Bank, Emirates NBD, Gulf International Bank, HSBC Bank Middle East as Mandated Lead Arrangers, Sharjah Islamic bank, Warba Bank as Lead Arrangers and QIIB as asset custodian. The Facility proceeds will be utilized to support the Company's expansion and developmental plans in its core market.