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...
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