ADIB closed a $235m Sharia-compliant syndicated deal for BGN and Al Seer Marine to finance 3 energy-efficient VLGCs with zero-carbon propulsion.
Abu Dhabi Islamic Bank (ADIB) closed a $235m Sharia-compliant syndicated deal for BGN and Al Seer Marine to finance three energy-efficient Very Large Gas Carriers (VLGCs) in South Korea and Japan. The vessels will use LPG engines for zero-carbon propulsion, aligning with the shipping industry's efforts to reduce greenhouse gas emissions. ADIB acted as lead arranger, coordinator, and advisor.
March 27, 2024
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