Middle East Economic Survey
GIB Arranges $50Mn Murabaha Facility For Shamil Bank
Gulf International Bank (GIB) announced on 16 September that it has been mandated by Bahrains Shamil Bank to arrange and underwrite a $50mn three-year syndicated Murabaha facility. The financing is Shamil Banks debut in the syndicated market. The bank was established in June 2000 following the merger between Faysal Islamic Bank and Islamic Investment Company of the...