FINANCE - Al khaliji arranges $310mn deal for MAF Group

Al khaliji and Majid Al Futtaim executives pose for photo after concluding the 1.14bn driham amortising term facility in Dubai

Qatar-based Al khaliji bank in association with its subsidiary Al Khaliji France acted as mandated lead arranger on the recently signed 1.14bn UAE dirham ($310mn) amortising term facility for the UAE-based Majid Al Futtaim (MAF) Group.
 

“The transaction was oversubscribed and upsized due to the strong demand,” al khaliji said. 

The transaction was concluded in Dubai at an event attended by senior representatives from the lending banks and the CEO and the senior management team at MAF Group.

The deal further strengthens the reputation of al khaliji’s Corporate & Institutional Banking Division after an outstanding year during which they participated in the $1.1bn financing deal for Abu Dhabi’s Emirates Steel Industries and a $255mn dual currency Murabaha Syndicated Facility for Turkey’s Bank Asya.