Perspective
22 June 2015
Noor Bank leads closing of Islamic financing for Stanford Marine
Region:
Middle East & Africa
Dubai-headquartered offshore supply vessel company Stanford Marine Group (SMG) has secured a AED 1.2 billion ($326.7 million) Islamic syndicated structured finance facility arranged by Noor Bank. The transaction is one of the first fully Islamic-backed finance deals in the oilfield services sector.
