(MENAFN- Khaleej Times) Al Ahli Bank of Kuwait and Standard Chartered Bank joined the transaction as mandated lead arrangers while Al Khalij Commercial Bank and The Commercial Bank of Qatar participated as lead arrangers.
Officiais of Stanbic Bank Uganda and Emirates NBD at the signing of the 18-month term loan facility.
Officiais of Stanbic Bank Uganda and Emirates NBD at the signing of the 18-month term loan facility.
Dubai - Stanbic Bank Uganda, a group company of Standard Bank Group, South Africa signed a $85 million 18-month term loan facility in Dubai. Emirates NBD Capital was the sole co-ordinator and bookrunner of the financing. Al Ahli Bank of Kuwait and Standard Chartered Bank joined the transaction as mandated lead arrangers while Al Khalij Commercial Bank and The Commercial Bank of Qatar participated as lead arrangers. The financing, which will be used for corporate purposes, was oversubscribed from the initial launch amount of $75 million.
New banking software
Meanwhile, Emirates NBD and NCR Corporation have jointly announced that Emirates NBD Group has become the first in the Middle East to introduce NCR's consumer experience banking software, Aptra Activate. "Our association with NCR has helped us implement sophisticated technology, which has been adopted for the first time in the Middle East, and will drive customer engagement to new levels," said Ali Sajwani, group chief information officer, Emirates NBD.
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