Tagged: First Gulf Bank

ADIB leads Dh1.14b loan for MAF Group

ADIB leads Dh1.14b loan for MAF Group

Abu Dhabi Islamic Bank (ADIB) had arranged a syndicated Dh1.14 billion Islamic financing deal for the Majid Al Futtaim (MAF) Group.
ADIB acted as the initial mandated lead arranger, sole bookrunner, investment bank and security agent bank for the deal….

Emirates Steel gets $1bn loan for expansion

Emirates Steel gets $1bn loan for expansion

UAE’s Emirates Steel Industries, which controls a majority of the country’s steel market with an annual output of two million tons, on Wednesday secured a $1.1 billion loan from a group of regional banks as it seeks to expand its production capacity.
T…

Islamic banks’ profits down 17% in H1

Islamic banks’ profits down 17% in H1

Islamic banks in the UAE recorded a decline of around 17 per cent in its net earnings in the first half of 2010 despite a sharp rise in the profits of the Abu Dhabi Islamic Bank (ADIB). Individually, several national banks reported growth in their net …