26 Dec 2012 UAB obtains a landmark Club Loan facility

26 December 2012, Sharjah, UAE: United Arab Bank has obtained a club loan facility of USD 125 million in a landmark deal for the Bank. This is the first time that the United Arab Bank has approached the loan market in this way.

The Facility was coordinated by Commerzbank Aktiengesellschaft, which also acted as the Documentation and Facility Agent as well as a Bookrunner & Mandated Lead Arranger. The other Bookrunners & Mandated Lead Arrangers are The Commercial Bank of Qatar (Q.S.C.), Emirates NBD Capital Limited, National Bank of Abu Dhabi P.J.S.C. and Standard Chartered Bank.

Speaking on this achievement, Paul Trowbridge, Chief Executive Officer of United Arab Bank said, “I am delighted that this landmark deal has been completed, with the support of key relationship banks from the local and international markets. The transaction affirms UAB’s fundamental strengths and reinforces our commitment to be a key player in the UAE market. I would also like to acknowledge the strategic guidance offered by our board of directors.”

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