QIB Participated in Murabaha Facility to Bahrain's Noga Holding

Doha, April 03 (QNA) - Qatar Islamic Bank (QIB), a joint stock company listed in Qatar Exchange, has participated with the amount of $63 million in a five year US$570 million multi-bank Murabaha facility to support Noga holding, the investment and business development arm of Bahrain's National Oil and Gas Authority (NOGA). According to a press release issued by QIB on Sunday, ten global and regional banks participated in this syndicated facility. The contribution aims to support NOGA's investment into a number of large scale oil and gas projects within the Kingdom of Bahrain. (QNA)