Gulf International Bank

Gulf International Bank closes Sukuk-al-Murabaha private placement

Gulf International Bank (GIB) communicates the successful pricing and closing of a three-year $300 million Sukuk-al-Murabaha private placement with a profit rate of 6-month USD LIBOR + 130 bps on a semi-annual basis.
The Sukuk will mature on 7 December 2014. It was successfully placed with a number of institutional investors, with J.P. Morgan acting as Sole Manager of the placement.

The National Industries Co.(K.S.C) successfully settled its US$ 100 Million Sukuk

The US$ 100 million Sukuk for The Building Materials Company has been successfully arranged and paid for in full on its Maturity date 18 October, 2011. Kuwait Finance House, Liquidity Management Centre, Gulf International Bank and Standard Bank underwrote the sukuk.
The Sukuk was supported by building material factories which supplied an over-collateralization and an added security for all Sukuk holders. It offered a semi-annual return of 100 basis points over US Dollar 6 months LIBOR.

Building firm's $100m sukuk a success

The $100 million sukuk for the Building Materials Company has been successfully resolved and paid for in full on its maturity date on October 18.
The statement was given by the arrangers and lead managers, Kuwait Finance House (KFH), Liquidity Management Centre, Gulf International Bank, and Standard Bank.

Zain Saudi Arabia closes SAR 2,250 Million Multi-Currency Syndicated Loan Facility

Arab National Bank (ANB) in cooperation with Al Khalij Commercial Bank (al khaliji), Banque Saudi Fransi and Gulf International Bank funded a 2 years facility for Zain KSA which has the purpose to refinance and upsize an existing US$ 585 million facility.

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