PIA attracts UAE lenders to $90m Islamic finance
Pakistan International Airlines Corp (PIA) raised $90 million (Dh330 million) through an Islamic syndicated fin-ancing facility.
Abu Dhabi Islamic Bank, Al Hilal Bank, Citibank, and United Bank Limited organized the facility being the mandated lead arrangers and joint bookrunners.
Clifford Chance and Haidermota & Co was the legal counsel to the arrangers, PIA being represented by Mandviwalla & Zafar.
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