Ajman Bank and Commercial Bank of Dubai Conclude Pakistan’s US$ 350 Million Murabaha Syndicated Financing

مصرف عجمان وبنك دبي التجاري يبرمان مع باكستان تمويل المرابحة المشترك

Ajman Bank and Commercial Bank of Dubai Conclude Pakistan’s US$ 350 Million Murabaha Syndicated Financing Ajman Bank and Commercial Bank of Dubai successfully conclude Pakistan’s US$ 350 Million Murabaha Syndicated Financing. Both Ajman Bank PJSC and Commercial Bank of Dubai PSC acted as Initial Mandated Lead Arrangers and Bookrunners on the facility for Islamic Republic of Pakistan acting through Ministry of Finance (MoF). Originally mandated for USD 200 Million, the Islamic Syndication Facility attracted more than 75% oversubscription driven by strong demand from local, regional and international investors. The transaction…