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$10m a Sharia-compliant financing for #Algeria oil services company

Tue, 2016-05-10 16:02 — newsdesk

The Arab Petroleum Investments Corporation announced the completion of an innovative Sharia-compliant financing facility for Algeria’s Oil Recovery Services. The financing was arranged in conjunction with Paris-based oil and gas private equity firm 4D Global Energy Advisors. The initial $10 million financing will act as a template for the financing of several contracts of the company.

Source: 

http://www.ennaharonline.com/en/economy/12073.html