OREANDA-NEWS. Bank ABC , as the Initial Mandated Lead Arranger and Bookrunner , has successfully closed a US\\\\$125 million Syndicated Term Loan Facility on behalf of United Arab Bank P.J.S.C.

In addition to Bank ABC , the financing is supported by the State Bank of India, National Bank of Bahrain B.S.C., Abu Dhabi Commercial Bank PJSC, Doha Bank Q .S.C. and Oberbank AG . Bank ABC is acting as the Facility Agent.

Company Overview

United Arab Bank was established in 1975 and is a public company listed on Abu Dhabi Securities Exchange (“ADX”) and is regulated by the Central Bank of the United Arab Emirates.

Based in Sharjah and operating with 3 0 branches throughout the UAE, the Bank offers its clients tailor - made financial services in both corporate and retail banking, and has mainly established itself as a leading solutions provider for a growing commercial and industrial base across the seven e mirates. Through the provision of a comprehensive range of Corporate Banking, Retail Banking, Trade Finance, SME banking and Treasury services, United Arab Bank is the Bank of choice among major corporate clientele segments in the UAE.

The Commercial Bank (Q.S.C.), Qatar is the largest shareholder of UAB. The Commercial Bank (Q.S.C.) made an acquisition of 40% interest in United Arab Bank in December 2007, in one of the few GCC cross border agreements and the first between banks from Qatar and the UAE. Th e other major shareholders of United Arab Bank include Sheikh Faisal Sultan Salem Al Qassimi (8.31%), GIBCA Limited Company (5.64%) and Jumaa Al Majed Abdullah Muhairi (5.31%).

As at 31 December 2014, United Arab Bank posted a 10% year - on - year increase to attain net profit of AED 605 million with total assets at AED 25.7 billion and Shareholders’ equity at AED 2.9 billion. United Arab Bank is rated Baa1 (stable) by Moody’s and BBB+ (stable) by Capital Intelligence.