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 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.


 


Arab Times




  MENA News Headlines
 Apr 2 2015 - MEPs welcome Palestine to ICCKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Members of European Parliament Wednesday hailed Palestine's accession to the International Criminal Court as a historic moment in the Palestinian people's ...

 Apr 2 2015 - Kerry lauds Nigeria elections, urges peaceKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) US Secretary of State John Kerry offered his congratulations to the new Nigerian President Mohammadu Buhari on Wednesday, and called on citizens of that country ...

 Apr 2 2015 - ICC membership to help Palestine hold Israel accountable for crimes - JarawanKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Arab Parliament has lauded the Palestine's accession to the International Criminal Court (ICC), saying it is a significant move to put international pressure ...

 Apr 2 2015 - Saudi King meets Senegalese Pres.Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Saudi King Salman bin Abdulaziz Al-Saud held summit talks late Wednesday with visiting Senegalese President Macky Sall on the bilateral ties, and regional and ...

 Apr 2 2015 - Libya's El-Ghowail takes over as premierKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Former first deputy prime minister of Libya's National Salvation Government Khalifa Al-Ghowail announced late Wednesday he accepted to serve as prime minister.The ...

 Apr 2 2015 - Syrian coalition calls for UNSC measures under Chapter VIIKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Special Representative of the Syrian National Coalition to the United Nations Dr. Najib Ghadbian drew the UN Security Council's attention to the newest chlorine ...

 Apr 2 2015 - Qatar condoles with Turkey over deceased public prosecutorKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Qatar's Foreign Ministry expressed Wednesday night condolences to the Turkish government and people on the death of Public Prosecutor Mehmet Selim Kiraz.The ...

 Apr 2 2015 - Re entry of drivers 'mandoubs' bannedArab Times
(MENAFN - Arab Times) KUWAIT CITY March 21: Director General of Residency Affairs Major General Talal Ma'rifi has issued a decision banning the entry of company representatives (Mandoub) and drivers ...

 Apr 1 2015 - We're going to make it even better next time around: Al RubaiArab Times
(MENAFN - Arab Times) KUWAIT CITY March 15: Defending FIA Middle East rally champion Nasser Saleh Al-Attiyah claimed his fifth record win Saturday at the Kuwait International Rally 2015 held at the ...

 Apr 1 2015 - KFH partners with NUKS Canada branchArab Times
(MENAFN - Arab Times) KUWAIT CITY March 6: Kuwait Finance House (KFH) has renewed the strategic partnership with the National Union of Kuwaiti Students Canada branch (NUKS-Canada) for the second ...

more...


 






Google

Click to Apply

 
 

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