al khaliji

Dubai Group, the leading diversified financial services company of Dubai Holding, has successfully closed the largest ever multicurrency syndicated commodity Murabaha transaction in the UAE. The US$1.5 billion facility was arranged for Dubai Financial Group, the financial holding company of Dubai Group, to explore new growth opportunities, support current investments, and refinance existing debt.

With Noor Islamic Bank in the lead to arrange the underwriting group, Dubai Financial Group mandated Al Hilal Bank, al khaliji, First Gulf Bank, The Royal Bank of Scotland, Standard Bank and Noor Islamic Bank to arrange and syndicate the three year commodity Murabaha facility.