IFLR1000

Maridive & Oil Services $250 million financing

21/1/2016
Financing
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$ 250 million

Completed

21/1/2016

Overview:

  • Maridive & Oil Services (MOIL) has taken out $250 million in new financing.
  • The shariah-compliant financing was arranged by Abu Dhabi Islamic Bank.
  • The funds will be used for restructuring and for the acquisition of new vessels.
  • MOIL is a provider of offshore marine and oil support services.

Sam Duke - Editor

Jurisdictions:

Egypt
United Arab Emirates

Deal type:

Financing

Practice areas:

Banking
Islamic finance

Industry sectors:

Industrials and manufacturing
Oil and gas

Firms:
Matouk Bassiouny

Party: Maridive & Oil Services (Borrower)

Party: Abu Dhabi Islamic Bank (Lender)

Lawyer: Mahmoud Bassiouny

White & Case

Party: Abu Dhabi Islamic Bank (Arranger)

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