IFLR1000

nogaholding $570 million murabaha financing

8/3/2016
Financing, Murabaha
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$ 570 million

Completed

8/3/2016

Overview:

  • nogaholding the holding company of Bahrain's oil and gas assets has taken out $570 million in new financing.
  • The murabaha (deferred sale) facility has been provided by Arab Banking Corp, Ahli United Bank, APICORP, Gulf International Bank, National Bank of Bahrain, Qatar Islamic Bank, Kuwait Finance House, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas and HSBC.
  • The financing will support investment in the BAPCO Modernisation Programme including a new LNG terminal and gas plant.

Sam Duke - Editor

Jurisdictions:

Bahrain
United Arab Emirates

Deal types:

Financing
Murabaha

Practice areas:

Banking
Islamic finance

Industry sector:

Oil and gas

Firms:
Baker McKenzie

Party: nogaholding (Borrower)

Lawyer: Ian Siddell

Newton Legal

Party: nogaholding (Borrower)

Lawyer: Aamal Al Abbasi

Norton Rose Fulbright

Party: Gulf International Bank (Facility agent)

Lawyer: Mohammed Paracha

Zu'bi & Partners Attorneys & Legal Consultants

Party: Arab Banking Corporation (Lender)

Party: Ahli United Bank (Lender)

Party: Arab Petroleum Investments Corporation (APICORP) (Lender)

Party: Gulf International Bank (Lender)

Party: Kuwait Finance House Investment (Lender)

Party: The Bank of Tokyo-Mitsubishi UFJ (Lender)

Party: BNP Paribas (Lender)

Party: HSBC (Lender)

Party: National Bank of Bahrain (Lender)

Party: Qatar Islamic Bank (Lender)

Lawyer: Qays H Zu'bi

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