QATAR

 

Naqilat Secures $380Mn Islamic Refinancing Facility

Qatar Gas Transport Company (Naqilat) has successfully secured a $380mn Murabaha refinancing facility from two domestic banks – Qatar International Islamic Bank (QIIB) and Qatar Islamic Bank (QIB). On announcing that it had reached financial close on 12 August, Naqilat noted that this further diversifies its funding base to Shari'a compliant sources. It will increase the company’s...