Baker & McKenzie Advises the Mandated Lead Arrangers on SR 600 million Murabaha Facility to Al Kifah Group
5 June 2012
Manama, Bahrain, 05 June 2012 – Baker & McKenzie has advised The National Commercial Bank (NCB), Gulf International Bank B.S.C. (GIB), Samba Financial Group and Banque Saudi Fransi, acting as mandated lead arrangers, in relation to a SR 600 million murabaha based financing provided to the Al-Kifah group of companies.
The Al Kifah Group is one of the largest family owned companies in the eastern province of the Kingdom of Saudi Arabia, with diverse investments in the industrial and commercial sectors.
The Baker & McKenzie team was led by Partner Bilal Kahlon who said, “We are very pleased to have assisted the Mandated Lead Arrangers on this important financing to the Al Kifah Group. The financing was arranged on a Shariah compliant basis and involved a particularly innovative structure."
Bilal Kahlon was assisted by Bahrain based associates Mohamed Hassan and Omar Al Ansari.
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