Eagle Proprietary Investments Ltd (‘Eagle’) has acted as Exclusive Financial Advisor to Kuwait-based National Industries Group Holding (‘NI Group’) on a KD 105 million (c. $370 million) Syndicated Exchangeable Murabaha. Proceeds from the facility will be used to pay off NI Group’s maturing $475 million sukuk, due August 16, 2012. The financing marks the first ever successful Islamic Exchangeable transaction in Kuwait.
Eagle Proprietary Investments Ltd has acted as Exclusive Financial Advisor to Proclad Group Limited (‘Proclad’) in obtaining banking facilities. Proclad – a world leader in providing corrosion resistant alloy solutions to the Oil and Gas industry – will use its expanded financing base to increase production in its state-of-the-art facilities located in Dubai’s Techno Park.