Apicorp seals $667m Islamic finance deal
2/14/2012 10:16:39 AM
MANAMA: Arab Petroleum Investments Corporation (Apicorp) said it has successfully closed a three-year SR2.5 billion ($667 million) syndicated Shari’ah-compliant facility from four leading Saudi banks on competitive market terms.
A Saudi-based multilateral bank owned by Arab states, Apicorp said the facility, which is its debut syndicated Shari’ah-compliant financing, is aimed at retaining and increasing its medium term funding.
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