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PIA closes up to $100m Islamic finance loan

07 December 2011

The loan is secured by secured by Pakistan International Airlines' ticket sales.

Tags: Pakistan International Airlines (PIA)  |  Islamic finance loan  |  UAE  |  Abu Dhabi Islamic Bank  |  Al Hilal Bank  |  Citi  |  United Bank Limted

Pakistan International Airlines (PIA) has closed a $90 million Islamic finance loan that is expected to be upsized to $100 million. The two-tranche facility is the first syndicated...

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