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Pakistan to secure $375m loans from UAE banks

Pakistan to secure $375m loans from UAE banks
“Emirates NBD Capital Limited was global coordinator."
Emirates NBD
EMIRATESNBD
-0.72% 13.75 -0.10
Mashreq
MASQ
-8.57% 70.40 -6.60
DIB
DIB
-1.37% 5.78 -0.08

CBD
CBD
-3.66% 3.95 -0.15
Sharjah Islamic Bank
NBS
3.13% 1.32 0.04

UAE – Mubasher: Pakistan has signed $375 million syndicated loan with UAE banks including conventional and Islamic banking tranches.

The tranches were subscribed by a group of leading UAE banks, according to Reuters.

“Emirates NBD Capital Limited was global coordinator. The transaction was anchored and arranged by Commercial Bank of Dubai, Emirates NBD Bank, Noor Bank, Dubai Islamic Bank, Mashreq Bank, and Sharjah Islamic Bank,” the international news agency revealed.