Barwa Bank was advised by Eversheds to procure Al Yusr.
This is the first purchase of an Islamic finance window by an Islamic bank in Qatar, and also the first deal of its kind in the region.
The development is now that Barwa Bank is able to accelerate its growth and expansion plans in the local market to position itself as one of the leading Islamic banks in Qatar.
Eversheds has given advice to Almana Group on its five year $215 million RegS floating rate Trust Certificate sukuk.
The leading partner of the Eversheds team was Amjad Hussain and he was supported by solicitor Jaime Oon and London based partners Indraj Mangat and Paul-Michael Rebus.