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05.12.2007

First Gulf Bank Leads Financing Syndicate

First Gulf Bank spearheaded the club syndicate finance facility, contributing 50% of the total financing. Meanwhile, National Bank of Dubai (NBD) and National Bank of Fujairah (NBF) will equally manage the remainder. In this medium-term financing arrangement, the trio of banks will also offer services such as bank guarantees, letters of credit, and overdrafts.