Gulf International Bank B.S.C. (GIB) has announced the successful closure of its first US$500 million syndicated Murabaha financing facility. This marks GIB’s debut Islamic syndicated transaction in the international market. The three-year Shariah-compliant facility was oversubscribed, indicating strong demand from a mix of regional and international banks.
The completion of this facility highlights GIB’s robust financial standing in the market. The interest generated by the facility allows GIB to diversify its funding base further and support its business growth across core markets and key business lines.
Sara Abdulhadi, Chief Executive Officer of GIB B.S.C., stated, “We are proud to have successfully closed GIB’s inaugural syndicated Murabaha facility, marking a key milestone in the ongoing diversification of our funding strategy. The strong response and oversubscription from such a diverse group of regional and international banks reflects tremendous market confidence in GIB’s position as a leading pan-GCC universal bank.”
SMBC Group served as the Initial Mandated Lead Arranger, Bookrunner, and Coordinator for the facility. Emirates NBD Capital Limited and First Abu Dhabi Bank PJSC were involved as Mandated Lead Arrangers and Bookrunners.
