Dentons advises Qatar’s Ezdan Holding Group

Dentons has advised Qatar’s Ezdan Holding Group in relation to a USD460 million Islamic syndicated finance facility.

Ezdan Holding Group is a listed Qatar Public Shareholding Company and is one of the region’s pre-eminent and largest real estate developers and investors. This financing is another successful and strategic financing for Ezdan and was oversubscribed by over 1.5 times. It follows the launch of its debut USD500 million Sukuk issuance earlier this year. Mashreqbank, Dubai Islamic Bank and HSBC Bank Middle East Limited were the bookrunners and initial mandated lead arrangers and were joined by seven other participant banks consisting of regional and international banks. This included Emirates NBD, Union National Bank, Ahli United Bank – Al Hilal Islamic Banking Services, National Bank of Ras Al Khaimah, BBK B.S.C, ICBC Doha and United Bank Limited.

The Dentons team was led by partners Safwan Moubaydeen and Zaher Nammour in Doha and partner Neil Cuthbert and associate Atif Choudhary in Dubai.