Middle East Economic Survey

VOL. XLVII

No 33

16-August-2004

REGIONAL BANKING

Nakheel Mandates DIB To Lead Manage $350Mn Ijara Syndication

The government-owned real estate company Nakheel has appointed Dubai Islamic Bank (DIB) as lead manager and arranger for a $350mn Ijara syndication to make further capital available to build the companys portfolio of developments. This includes The Palm Jumeirah and Jebel Ali, The World, International City, Jumeirah Islands and Jumeirah Lake Towers. DIB will be...