Photo Credit: Arabianeye - Reuters
Abu Dhabi Islamic Bank
ADIB
ADIB
Maridive
MOIL
MOIL
ADIB
ADIB
ADIB
Cairo - Mubasher: Maridive and Oil Services Co. announced Tuesday that its board of directors approved the credit facilities proposed by Abu Dhabi Islamic Bank (ADIB).
The credit facilities will amount to $225 million, said a bourse statement.
This move is aimed to restructure Maridive's current and short-term credit facilities.
Maridive reported earlier a decrease of 50.3% in unconsolidated profits for the first nine months of 2015.
Source:
Mubasher
