Al-Ghurair Group Signs $347.2 Million with Financial Institutions

Ghurair In Dh1.27 Billion Islamic Facility
Zawya

The well-diversified Al Ghurair Group has signed a $347.2 million (Dh1.275 billion) Islamic facility with a group of financial institutions including Mashreq, top executives told Emirates Business.

The facility has been structured in Ijara and Musharaka that require a sale and lease-back of the asset owned by the client, a Mashreq executive said. ...