IslamicFinance.de

Nogaholding, the investment arm of #Bahrain’s National Oil and Gas Authority (NOGA) hosted a dinner to commemorate the signing of the $570 mn Murabahah finance facility. Minister of Energy and Chairman of nogaholding Dr. Abdul Hussain bin Ali Mirza congratulated all the lenders for their support. The ten banks which participated include: Arab Banking Corporation (ABC), Ahli United Bank (AUB), Arab Petroleum Investments Corporation (APICORP), Gulf International Bank (GIB), and National Bank of Bahrain (NBB), Qatar Islamic Bank (QIB), Kuwait Finance House (KFH), The Bank of Tokyo-Mitsubishi UFJ (MUFG), BNP Paribas and HSBC. nogaholding’s first syndicated debt facility carries a term of five years. The facility size was increased by more than 60% due to strong demand from participating banks.