Deutsche Bank and Saudi Basic Industries Corporation announce landmark US$1 billion Murabaha transaction
The five-year transaction, where Deutsche Bank is acting as sole arranger and bookrunner, represents a key milestone in the increasing penetration of Shariah-compliant transactions for major entities in the region.
"This landmark Islamic transaction is the result of significant work done by SABIC and Deutsche Bank, allowing SABIC to obtain globally-competitive funding while at the same time ensuring first class structuring, documentation and execution, further promoting the development of Shariah-compliant structures as a major financing option" says Yassine Bouhara, Head of Global Market Equity and Head of Global Markets - Middle East North Africa at Deutsche Bank."
Deutsche Bank is a leader in providing innovative, Shariah compliant asset and liability products for capital raising and investments.
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