Hedge Funds & Alternative Investments
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BinDawood lines up $58.1mln Murabaha facility to back Vaza Food acquisition
Saudi Arabia’s BinDawood Holding Company has secured a Sharia-compliant Murabaha financing facility worth SAR 217.8 million ($58.1 million) from Arab National Bank and Emirates NBD Bank to support its planned acquisition of a majority stake in Vaza Food. The funds will be used to acquire 51% of Vaza Food, as…
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