Barwa Bank, Qatar’s fastest growing Shari’ah compliant banking service provider, was proud to hold the position of Initial Mandated Lead Arranger for Ezdan Holding Group Company Q.S.C. (Ezdan) first tranche of its $500m debut syndication which closed on Monday 24th March2014.
Ezdan opted for an international placement of the transaction and Barwa Bank and Mashreq acted as joint bookrunners. The Mandated Lead Arrangers of the transaction were Ahli United Bank – Al Hilal Islamic Banking, Abu Dhabi Islamic Bank, QFC Branch, BIBD (Bank Islam Brunei Darussalam), Mashreq Al Islami and Union National Bank. Qatar First Bank was Co-Arranger, Industrial and Commercial Bank of China Doha (QFC) Branch and Sharjah Islamic Bank were lead participants on the transaction.
The proceeds of the financing will be used to support the completion of key commercial and residential real estate developments in Qatar.
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