(MENAFN) Maran Nakilat Co Ltd, a joint venture (JV) between Nakilat and Maran Ventures Inc, has secured Islamic refinancing worth $662.4m that will see the JV expand its fleet and Nakilat increase its ownership of the joint venture.
At a ceremony held at Nakilat's Doha head office, Maran Nakilat signed the $662.4m Murabaha refinancing agreement with two of Qatar's leading Islamic banks, Qatar Islamic Bank (QIB) and Barwa Bank.
As a result of the refinancing, Maran Nakilat will be able to expand its fleet of LNG carriers from four vessels to six, with the delivery of two new LNG carriers scheduled for early 2014.
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