NO. 41


Financial and Banking News

Regional Banking

Faysal Islamic Bank Snatches Gulf Air Mandate Amid Stiff Competition

Gulf Air has mandated Bahrain-based Faysal Islamic Bank (FIB) to raise a$373mn loan to finance the purchase of six new Boeing 767s. The award wasannounced on 9 July and is a considerable coup for FIB, which has no previousexperience of air financing. The mandate had been hotly contested by severalinternational and Arab banks, some of whom have previously...