Hogan Lovells advises on Ijara financing facility

Hogan Lovells recently advised Dubai Islamic Bank PJSC, on an AED740 million ijara facility for Al Nadha Real Estate Trading Co LLC.  The funds will be used by Al Nadha to refinance their existing Islamic facility used for the construction and expansion of the Sahara Centre, a major shopping centre in Sharjah, UAE.

Hogan Lovells' team was led by Rustum Shah (Partner, Dubai) and supported by Claire Matheson Kirton (Of Counsel, Dubai).

Commenting on the transaction, Rustum Shah said, "We are delighted to have advised on this successful financing. Hogan Lovells is well known for its expertise in Islamic finance and this transaction demonstrates our strength in the GCC market."