UNITED ARAB EMIRATES – Hogan Lovells advises on Enoc expansion

INTERNATIONAL law firm, Hogan Lovells has recently acted as counsel to Emirates NBD Bank PJSC, Noor Islamic Bank PJSC and Standard Chartered Bank as arrangers on a US$ 75,000,000 and AED 91, 825,000 Istisna financing facility.

 

The proceeds will be used for the construction of a jet fuel storage terminal at Jebel Ali Free Zone and the construction of a 60 kilometre pipeline from the jet fuel storage terminal to Dubai International Airport.

 

Hogan Lovells’ team was led by Dubai-based Global Head of Islamic Finance, Rahail Ali, assisted by senior associate Claire Matheson Kirton and associate Mark Brighouse.