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FINANCIAL NEWS
Gulf Energy Maritime deals with Dubai Islamic Bank for USD75m
17 Jun 2017
(MENAFN) According to Gulf Energy Maritime (GEM), it had signed a deal with Dubai Islamic Bank (DIB) for USD75m.
The agreement is the first GEM investment of this kind through Islamic finance.
However, GEM CEO said: “The seven-year facility is the first deal between GEM and DIB, and it is part of a long-term relationship with the bank as we look to extend our association.”
Also, Dubai Islamic Bank Group CEO said that the partnership will demonstrates their expertise in the field of Islamic banking and finance.
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