(MENAFN - Arab Times) KUWAIT CITY July 8 (KUNA): Warba Bank announced on Monday that it had arranged a syndicated financing worth 155 million for a leading UAE oil services company. Warba's share in the facility hits 25 million the Bank said in a statement. Noor Bank and Qatar Islamic Bank are participating in the syndicated financing.
The statement added that the UAE oil services company is a world-class one erating in the Middle East and North Africa enjoying a strong market position and a stable base of customers. Warba stressed keenness on developing and supporting innovative financing solutions in line with the Islamic Sharia through well-studied risks then offering them to clients. The Bank stressed that the step is part of its strategy to expand in promising developing markets.