Breaking the recent logjam in UAE real estate market deals is no small achievement for any deal. Abdulwahed Ahmad Rashed Bin Shabib achieved that and more with its $124 million refinancing this year.
Led by Emirates Islamic Bank, the deal from the Dubai construction and property company has consolidated its exposure to the sector. Using a liquidity murabaha structure, the transaction ring-fenced the cash flows of the wider company from volatility in certain real-estate holdings.
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