Abu Dhabi Islamic Bank (ADIB) is providing the cash to fund 15 vessels and three self-elevating accommodation barges booked through Zakher’s QMS Holding.
ADIB led a deal that was over-subscribed by 100% and put together with ADCB, Al-Hilal Bank, MashreqBank, Ajman Bank, Arab Bank, National Bank of Fujairah and Noor Bank.
Arif Usmani, global head of wholesale banking at ADIB, said: "The facility structure was carefully designed to meet Zakher's financing needs and has received significant interest by the regional banking market.
“We
