IMG Theme Park AED1.2 billion syndicated financing

Overview:

• IMG Theme Park has taken out AED1.2 billion in financing to develop the IMG Worlds of Adventure theme park.
• Abu Dhabi Islamic Bank, Al Hilal Bank and Commercial Bank International acted as mandated lead arrangers, Noor Bank as lead arranger and Sharjah Islamic Bank as arranger.
• The financing was shariah compliant including both ijarah (capital leasing) and murabaha (deferred sale) elements.

Sam Duke - Editor