Ports Development Company SR1 billion bridge financing

5/6/2015

Project finance

Value:

SR 1 billion

Dollar value:

$ 266.627 million

Status:

Completed

Date:

5/6/2015

Overview:

Ports Development Company has taken out SR1 billion in an Islamic bridge financing.
The financing was provided by Arab National Bank, HSBC and Saudi British bank.
The funds will be used for the expansion and development of the King Abdullah Port.

Sam Duke - Editor

Jurisdictions:

Saudi Arabia
United Arab Emirates

Deal type:

Project finance

Practice areas:

Project finance
Islamic finance

Industry sectors:

Transport
Shipping
Logistics

Firm:

DLA Piper

Party: Ports Development Company (Borrower)

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