Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait- Jazeera Airways secures 70.5m financing  Join our daily free Newsletter

MENAFN - Arab Times - 03/07/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) Wait city june 25 (kuna): jazeera airways group announced wednesday that it has secured a .5 million debt facility through kuwait's ahli united bank (aub) as part of the group's ongoing strategic debt restructuring plans to align with future growth plans. in a press statement jazeera said that the financing scheme has a three-year term with a roll-over facility. 'this facility which will help us fund our future plans is significant for both its timing as it comes at time when debt markets are favorable and for being secured through a leading bank that is based in our home market thus further boosting the value jazeera airways group brings to our market' the statement quoted jazeera airways group chairman marwan boodai as saying.

for his part aub kuwait general manager corporate banking hisham zaghloul said that the debt facility agreement reflects a long-term partnership mutually beneficial to both our organizations 'in line with ahli united bank's strategy to serve the local market and strengthen ties with market players under various business sectors we take pride in having collaborated with jazeera airways in serving their future business plans' zaghloul pointed out. 'jazeera airways is a leading player and pacesetter in the aviation industry and this transaction reflects a long-term partnership mutually beneficial to both our organizations. we wish jazeera airways all success as it continues to serve kuwait and the region.' aub kuwait is one of the leading shariah-compliant banks in the middle east with strong on-ground retail wholesale and corporate banking operations in kuwait bahrain and other countries in the middle east. jazeera airways group is a kuwait stock exchange-listed company with a fleet of 15 wholly-owned airbus a320s through its wholly-owned leasing-arm sahaab aircraft leasing. sahaab has assets placed with virgin america srilankan airlines flynas tap portugal and jazeera airways.


 






  MENA News Headlines
 Jul 29 2014 - New additions to Local Harvest brand of datesKhaleej Times
(MENAFN - Khaleej Times) E dates come from farmers who have contracts with ADFSC and therefore practise date palm farming according to the centres standards.For the next three weeks the Abu Dhabi ...

 Jul 29 2014 - PayTabs to launch online solutions in Bahrain, SaudiMENAFN
(MENAFN) PayTabs, a payment processing solution company co-owned by Saudi Aramco, is set to launch its online payment processing solutions in Bahrain and Saudi Arabia, Gulf Daily News reported.The ...

 Jul 29 2014 - Mobily signs LTE-4G roaming deal with BatelcoMENAFN
(MENAFN) Mobily telecom has signed an LTE-4G roaming deal with Bahrini Batelco to provide customers with advanced Internet services, Arab News reported.This agreement coincides with Eid Al-Fitr ...

 Jul 29 2014 - Radiant During RamadanMuscat Daily
(MENAFN - Muscat Daily) Keep your skin and hair glowing and shiny even as you're fasting in this holy month. Some tips... Moisturise Your skin too gets dehydrated when you fast. It is ...

 Jul 29 2014 - Duqm Airport takes offMuscat Daily
(MENAFN - Muscat Daily) The newly opened Duqm Airport received its first Oman Air flight ahead of schedule on Wednesday with officials saying that the facility will serve as an air transport and ...

 Jul 29 2014 - Air fares rise by 35 as travellers rush to make the most of long breakMuscat Daily
(MENAFN - Muscat Daily) Fares of most airlines have gone up due to the increase in demand during Eid al Fitr holidays. The prices of tickets to different destinations have gone up by nearly 35 per ...

 Jul 29 2014 - MoHC invites bid for construction of $250mn Oman Cultural ComplexMuscat Daily
(MENAFN - Muscat Daily) After announcing the appointment of the UK-based international consultancy and construction company, Mace as project manager for the Oman Cultural Complex (OCC), the Ministry ...

 Jul 29 2014 - Moon sighting expected on Monday eveningMuscat Daily
(MENAFN - Muscat Daily) The crescent of the new moon is expected to be visible on Monday evening across all governorates in the sultanate, marking the beginning of the month of Shawwal, according to ...

 Jul 29 2014 - Pakistan's film industry becomes alive againArab News
(MENAFN - Arab News) HORE: A breed of brand new independent filmmakers is successfully filling the void left by an obsolete industry known as Lollywood.In many ways 2013 was an era-defining year for ...

 Jul 29 2014 - Pak-British singer faces death threats over Gaza supportArab News
(MENAFN - Arab News) NDON: Zayn Malik probably wasn't expecting the barrage of abuse he received from followers after he pledged his support for the #FreePalestine social media campaign The ...

more...


 






Google

menafn.com

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help