Al Khodari
1330
1330
Guidance Capital Markets (DIFC) has arranged SAR 188 million ($50 million) worth of off-shore, Islamic credit facilities for Abdullah A. M. Al-Khodari Sons Company from a bank based in Abu Dhabi, UAE.
Tahir M. Naseem, chief executive of Guidance Capital, said: “Guidance is unique in terms of its ability to understand the specific funding requirements of local corporates and structure a tailored financing solution to attract foreign banks and investors who are eager for quality credits but do not have a local footprint in various markets.”
“Guidance has successfully engineered the bridge for this foreign liquidity to flow into certain local markets, as witnessed by the first-of-its-kind project finance facility we have just arranged for Al Khodari,” he added.
Guidance acted as the sole arranger and Shariah structuring advisor to Al-Khodari for the Murabaha facilities which carry a three-year term, and will be used for issuance of performance bonds and meeting capex requirements of one of Al Khodari’s construction projects.
Photo Credit: Arabianeye-Reuters
Tahir M. Naseem, chief executive of Guidance Capital, said: “Guidance is unique in terms of its ability to understand the specific funding requirements of local corporates and structure a tailored financing solution to attract foreign banks and investors who are eager for quality credits but do not have a local footprint in various markets.”
“Guidance has successfully engineered the bridge for this foreign liquidity to flow into certain local markets, as witnessed by the first-of-its-kind project finance facility we have just arranged for Al Khodari,” he added.
Guidance acted as the sole arranger and Shariah structuring advisor to Al-Khodari for the Murabaha facilities which carry a three-year term, and will be used for issuance of performance bonds and meeting capex requirements of one of Al Khodari’s construction projects.
Photo Credit: Arabianeye-Reuters
Source:
Mubasher
