IslamicFinance.de

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.

Qatar First Investment Bank gave the announcement that its portfolio company Emirates National Factory for Plastic Industries (ENPI) has signed a new five-year, Dh250m syndicated Islamic facility, arranged by Abu Dhabi Islamic Bank. The signing ceremony took place at Abu Dhabi Islamic Bank headquarters in Abu Dhabi.
The financing will be used for the construction of a new production facility in Industrial City of Abu Dhabi 1 ("ICAD 1"), the purchase of new machinery and equipment and the refinancing of a portion of the company's existing conventional debt.

Abu Dhabi Islamic Bank (ADIB) made an announcement that it had closed Dh250 million syndicated Islamic financing deal for Emirates National Factory for Plastic Industries (ENPI).
ENPI is majority owned by Qatar First Investment Bank (QFIB).