Middle East Economic Survey


No 26



Dolphin Second Bridge Financing Expected To Attract 17 Banks

The second bridge financing for the Dolphin Project is expected to attract 17 banks as mandated lead arrangers, and an announcement is likely early in July, MEES understands. The size of the deal is thought to be larger than the $1.3bn indicated in the request for proposal (RFP). And while there will be a significant amount of Islamic debt, the conventional debt is...