Qatar Real Estate Investment Company (QREIC) has signed a $375 million Islamic financing package, lead managed by a group of four banks. The facility will be split between a syndicated loan and a sukuk, the first to be issued by a local corporate. Doha launched a $700 million sovereign sukuk in late 2003 explicitly designed to set a benchmark for corporate issuance (MEED 3:10:03).
You might also like...
McDermott completes financial restructuring exercise
28 March 2024
Region heads for hotel boom
28 March 2024
Lowest bidders emerge for Kuwait housing project
28 March 2024
Redcon wins Red Sea Triple Bay infrastructure deal
28 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.