IFLR1000

Ahalia Hospitals Group Abu Dhabi AED550 million financing

1/2/2016
Project finance
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AED 550 million

$ 149.744 million

Completed

1/2/2016

Overview:

  • Ahalia Hospitals Group Abu Dhabi has taken out AED550 million in new financing.
  • The funds will be used for the construction of three new hospitals and the expansion of one new hospital in Abu Dhabi.
  • National Bank of Fujairah, First Gulf Bank, ICICI Bank, Mashreq Bank, Al Alhli Bank of Kuwait, Al Khaliji Bank and National Bank of Oman acted as lenders with NBF Capital acting as arranger.

Sam Duke - Editor

Jurisdiction:

United Arab Emirates

Deal type:

Project finance

Practice area:

Project finance

Industry sector:

Healthcare

Firm:
Al Tamimi & Company

Party: First Gulf Bank (Lender)

Party: ICICI Bank (Lender)

Party: Mashreq Bank (Lender)

Party: Al Khalij Commercial Bank (Lender)

Party: Al Ahli Bank of Kuwait (Lender)

Party: National Bank of Oman (Lender)

Party: NBF Capital (Arranger)

Party: National Bank of Fujairah (Lender)

Lawyer: Mamoon Khan

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