Thursday 11, May 2017 by William Mullally

QIB signs QAR 3.4 billion financing facility with GDI

Qatar Islamic Bank (QIB) has signed a $925 million (QAR 3.4 billion) structured Shari'ah-compliant financing facility with Gulf Drilling International Limited QSC (GDI). This new facility will be used to re-organise the company’s debt and further enhance its operational and financial performance. QIB successfully originated, structured and executed the transaction which used an innovative financing structure to meet the requirements.