ADIB Leads Successful Closure of AED 863 million (USD 235 Million) Sharia compliant Syndicated Transaction to Finance Gas Carriers for Al Seer Marine and BGN

Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, announced the successful closure of a sharia compliant syndicated transaction totaling AED 865 million (USD 235 million) for BGN and Al Seer Marine to finance new and energy - efficient gas carriers. This financing marks the second tranche of a larger syndication amounting to USD 370 million, which will be used to finance the construction of three state-of-the-art Very Large Gas Carriers (VLGCs) in South Korea and Japan.