ADIB closes Dhs302m syndicated Islamic financing for ENPI

Abu Dhabi Islamic Bank (ADIB) has closed an Dhs302m ($82m) syndicated Islamic financing deal for Emirates National Factory for Plastic Industries L.L.C. (ENPI). This financing will be used in conjunction with ENPI's recent acquisition of 100% share of ENPI Packaging Division by Saudi Printing & Packaging Company. ADIB acted as the Mandated Lead Arranger, Sole Bookrunner, Investment and Security Agent Bank for the deal. Other banks that participated in the financing deal included Al Hilal Bank, Mashreq Al Islami as Mandated Lead Arrangers, ADCB, Ajman Bank and FGB as Lead Arrangers.