National Commercial Bank of Saudi Arabia

Norton Rose advises on the largest Islamic syndication made in Turkey to date

Norton Rose (Middle East) LLP has advised Citibank as arranger in relation to a US$300,000,000 dual tranche Murabaha syndicated facility for Turkiye Finans Kat?l?m Bankas? A.S., an Islamic bank in Turkey 60% owned by the National Commercial Bank of Saudi Arabia. It is the largest Islamic syndication in Turkey to date.
The initial transaction size was increased to US$300,000,000 due to high interest from banks in Europe, Middle East and Asia.

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