National Petroleum Construction Company (NPCC) AED2.2. billion financing

Overview:

• National Petroleum Construction Company (NPCC) has taken out AED2.2 billion in new financing.
• The conventional and Islamic funds will be used to finance the construction of offshore barges, upgrade facilities and refinance existing loans
• Abu Dhabi Commercial Bank, First Gulf Bank, National Bank of Abu Dhabi, Union National Bank, Abu Dhabi Islamic Bank, Al Hilal Bank and Dubai Islamic Bank acted as lenders.

Sam Duke - Editor