Middle East Economic Survey

VOL. LIV

No 22

30-May-2011

QATAR

GDI Secures $430Mn Credit Facility With Three Qatari Banks To Fund Expansion

Qatar-based Gulf Drilling International (GDI) has announced that it closed a $430mn credit facility with a syndicate of three banks that will be used to finance a $538mn business expansion plan. The mandated lead arrangers of the credit facility are Qatar National Bank (QNB), Samba Financial Group, and International Bank of Qatar (IBQ), while QNB is also...