16 Jun 2017
(MENAFN) Dubai-based Gulf Energy Maritime, a pioneering independent commercial product and chemical tanker operator, has inked an USD74mn Islamic Finance deal with Dubai Islamic Bank.
Recently, GEM has a fleet of 19 trading ships, which covers of 8 modern LR1, two LR2 and nine chemical/product tankers.
Moreover, the deal with the Emirati bank marks the first time GEM has raised funding of this kind amid a Shariah compliant facility.
Accordingly, the seven year facility is the first deal between the firm and Dubai Islamic Bank, the closing of the deal is part of a long-term relationship with the bank.
MENAFN1606201700450000ID1095562638
MENAFN1606201700450000ID1095562638
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more