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Abu Dhabi Islamic Bank to finance Sudan industrial project

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Sunday, 27 July 2008

Abu Dhabi Islamic Bank will finance building a cement factory in Sudan with Lebanon's Banque Audi in a six-month deal worth $130 million, the official UAE news agency reported on Sunday.

The factory, which will produce 1.5 million tonnes of cement a year, is expected to start operations at the end of 2009.

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READER COMMENTS

  1. Amlak, Tamweel to merge under gov't bank 1
    23 Nov ' 08 at 14:59
    Would the merger result in a change of lending policy for the two merging companies? would they still be following the Islamic system...  More »
  2. More banks curb lending to low wage earners 1
    23 Nov ' 08 at 15:02
    What's so low wage about Dhs 25,000 per month?  More »
  3. Citi in talks with gov't as share price nosedives 1
    23 Nov ' 08 at 16:19
    what is the value of investment made by abudhabi a few months back. can the bank disclose their status and be transparent on their...  More »
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