Emirates NBD advised on million dollar loan facility

Dentons has advised banking group Emirates NBD on a USD90.5 million term loan facility to Abu Dhabi-based investment company Centurion Investments.

The loan was to finance Centurion's acquisition of CSH Investment, a leading regional healthcare group with a growing portfolio of hospitals, pharmacies and clinics, including Emirates Hospital, CosmeSurge. The deal is considered the largest by Centurion to date.

Qasim Aslam, partner in Dentons' Banking practice in Dubai, said,"We were delighted to have advised Emirates NBD on this significant transaction which underlines the importance of the healthcare sector in the Middle East and the growing number of opportunities it provides."

Mohammad Kamran Wajid, chief Executive Officer Emirates Financial Services and Emirates NBD Capital Limited, commented: "Emirates NBD are proud to have supported Centurion in this acquisition. This is a landmark transaction and demonstrates the diversity of the Emirates NBD offering in key industry sectors."

The Dentons team comprised Qasim Aslam and associates Jane Flournoy and Vanessa Salamony.