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Qatar Islamic Bank gains on Zain co-financing

: Thursday, April 03 - 2014 @ 16:45

The Qatar Exchange 20 Index advanced by 0.37 per cent to 11,983.87 points on Thursday, April 3. Qatar Islamic Bank (QIB) gained 0.94 per cent, reaching QAR75.50. Earlier in the day, QIB said it participated in a $250 million Murabaha syndicated Finance to Zain. Zain, which operates in eight countries in the Middle East and Africa, will use financing to meet its operational and expansion financing needs. The other lenders were Boubyan Bank and Kuwait International Bank, reveals QIB in a filing to the Qatari bourse.

Gérard Al-Fil

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Thursday, April 3- 2014 @ 16:45 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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