Quotes: 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 bak'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.


 


Arab Times




  MENA News Headlines
 Jul 25 2016 - GCC markets debt issuance picks up in H1MENAFN
(MENAFN) The GCC markets viewed little volatility in yields amid Q2 of this year, which was supported by stable oil prices, a dovish Fed and limited global volatility.Additionally, GCC yields saw ...

 Jul 25 2016 - Jordan aims investments in industrial landsMENAFN
(MENAFN) Jordan aims investments in industrial estate, such as Karak, while work has started to fix the most damaged areas of the road at a cost of USD239.71mn.Moreover, a group of Jordanian and ...

 Jul 25 2016 - UAE- Why DIFC is a hub for financial organisationsKhaleej Times
(MENAFN - Khaleej Times) June 30, 2016 saw the Middle Eastern operation of HSBC, the world's fourth-largest bank, complete its move, together with some $40 billion worth of assets, to the Dubai ...

 Jul 25 2016 - Qatar's local debt drops by USD4.08bnMENAFN
(MENAFN) Qatar's whole domestic debt declined by USD4.08bn in June to reach USD 103.1bn, while its investments outside the country dropped by USD 6.06bn.Furthermore, the banks' assets and liabilities ...

 Jul 25 2016 - Egypt's Orange net losses fall by 63.3 percentMENAFN
(MENAFN) Orange Egypt net losses showed a decline of 63.3 percent for 2016, while its net losses in the Jan-June period went down to USD3.75mn.Meanwhile, the firm's revenues grew by almost 2.2 ...

 Jul 25 2016 - I give Erdoan great credit for turning the coup around: TrumpThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) >Republican presidential nominee Donald Trump has commented on the July 15 failed coup attempt in Turkey, saying he gave PresidentRecep Tayyip ...

 Jul 25 2016 - Sultan bin Zayed congratulates Sultan Qaboos on Renaissance DayEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 24th July, 2016 (WAM) H.H. Sheikh Sultan bin Zayed Al Nahyan, the President's Representative, has sent a congratulatory cable to His Majesty ...

 Jul 25 2016 - MoFAIC official receives copy of credentials of Qatar Consul-GeneralEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI, 24th July, 2016 (WAM) -- Abdulrahman Ghanem Almutaiwee, Director of the Office of the Ministry Foreign Affairs and International Cooperation in ...

 Jul 25 2016 - Ras al-Khaimah enhances civil defence capability with two more centresEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) RAS AL-KHAIMAH, 24th July 2016 (WAM) --- The emirate of Ras al-Khaimah has increased the number of its civil defence centres to six after building two new ...

 Jul 25 2016 -  Ras al-Khaimah Ruler forms board of Emirates Cultural and Sports ClubEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) RAS AL-KHAIMAH, 24th July 2016 (WAM) --- H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras al-Khaimah, has issued a resolution ...

more...


 





Google

Easy Forex

 
 

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help