Noor Bank closes Dh1.2b Islamic syndicated loan

Noor Bank has closed an Dh1.2 billion Islamic syndicated loan for offshore vessel operator Stanford Asia Holding Company (‘Stanford’), a subsidiary of Stanford Marine Group. Besides being Initial Mandated Lead Arranger, Noor Bank PJSC also acted as the Sole Underwriter and Sole Bookrunner for the Murabaha structured Sharia compliant syndication….