Abu Dhabi Islamic Bank was established on 20th May 1997 as a Public Joint Stock Company through. The Bank commenced commercial operations on 11th November 1998. All contracts, operations and transactions are carried out in accordance with Islamic Shari'a principles. Shuweihat Independent Water & Power Project is not only UAE's largest project financing to date it is also the largest combined power and water project financing ever to be done in the Middle East. Valued at $1.6 billion, it carries the longest-ever tenor for any project financing in the region - 20 years - and is the first project finance transaction in the Gulf to include a 100% equity bridge in which ADIB participated. Shuweihat is the first power deal to include a substantial Islamic financing portion - in possibly the most daunting circumstances in the region for over a decade.
Year
2002
Country
United Kingdom
Language
English
Abstract
English
ISSN/ISBN
1462-0014
No. of Pages
pp. 40
Volume
Supplement: Global Power Report 2002
Select type of work
Name of the Journal
CIS Program Old
CIS publications
No
CIS Thesis
No