$75m Murabaha For Ziraat Bank

Manama: Ziraat Katılım Bankası AŞ announced it has mandated ABC Islamic Bank (Bank ABC) as the Coordinator and Bank ABC, Dubai Islamic Bank PJSC and Warba Bank KSCP (Lead Arranger and Bookrunner) to arrange a US$75,000,000 Syndicated Dual Currency Murabaha Financing facility.

The facility has been structured as a Shari’a compliant Murabaha facility with a one-year and two days tenor. The facility will be denominated in USD and EUR and the proceeds from the Facility will be used for general funding purposes.

Syndication was launched on March 8, 2016 and is expected to close in April 2016.