al khaliji HAS ARRANGER ROLE IN TWO MAJOR REGIONAL DEALS WORTH OVER $6.6bn

al khaliji HAS ARRANGER ROLE IN TWO MAJOR REGIONAL DEALS WORTH OVER $6.6bn

• al khaliji corporate banking momentum continues to build
• al khaliji supporting the growth ambitions of Dubai World and Orascom

al khaliji corporate banking continues to deliver on its regional strategy, with the latest example being its role in helping to arrange more than US$6.6bn of financing for two of the  region’s best known conglomerates.

al khaliji has contributed US$170mm through its involvement in these high-profile deals, marking the bank’s growing significance as an arranger in major syndicated financings across the region.

For Dubai World, al khaliji acted as a Senior Lead Arranger in a US$5.5bn term loan facility, contributing US$100mm.

Separately, al khaliji acted as a Mandated Lead Arranger financing US$70mm in a US$1.125bn purchase  of  receivables due to Orascom Telecom Iraq Corp. Limited (a subsidiary of Orascom Telecom Holding S.A.E) and drawn on Zain Iraq, an affiliate of Mobile Telecommunications Company K.S.C, (Zain). The financing package was provided to support the US$1.2bn sale of Iraqna, Orascom’s subsidiary in Iraq, to Zain Iraq. 

Rob McCall, al khaliji Managing Executive, Corporate Banking, said: “The combination of al khaliji’s capital base and experienced corporate banking team enables us to deliver quickly for our clients across the region.   We’re pleased to have rapidly established a reliable reputation for working alongside local and international banks to ensure the successful completion of major syndicated financings for our clients.”