Noor Bank leads closing of Islamic financing for Stanford Marine

Region:

Middle East & Africa

Jonathan Bell

Editor-in-chief

Dubai-headquartered offshore supply vessel company Stanford Marine Group (SMG) has secured a AED 1.2 billion ($326.7 million) Islamic syndicated structured finance facility arranged by Noor Bank. The transaction is one of the first fully Islamic-backed finance deals in the oilfield services sector.

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

10 minutes with Abdulrahman Al Sowaidi, CEO, QDB

Video

26 June 2025

10 minutes with Abdulrahman Al Sowaidi, CEO, QDB

TXF talks to Abdulrahman Al Sowaidi, CEO of Qatar Development Bank (QDB), at the Exile Global 2025 event, discussing topics such as QDB's multifaceted product offering and its...

ECAs dig deep in search for critical mineral financing

Perspective

04 July 2025

ECAs dig deep in search for critical mineral financing

Critical mineral supply chains sit at the centre of present geopolitical tensions, from China’s processing monopoly to Ukraine’s untapped deposits. ECAs have been armed with...

Must See

Oil & gas dealmaking resurgent amid geopolitical strife

Perspective

20 June 2025

Oil & gas dealmaking resurgent amid geopolitical strife

A new report into bank funding for the fossil fuel industry has highlighted a resurgence in dealmaking for oil & gas firms. ECAs may have stepped away, but regardless producers have access to a range of sources for debt finance including banks, asset managers and commodity traders.

Video

26 June 2025

10 minutes with Abdulrahman Al Sowaidi, CEO, QDB

TXF talks to Abdulrahman Al Sowaidi, CEO of Qatar Development Bank (QDB), at the Exile Global 2025 event, discussing topics such as QDB's multifaceted product offering and its expansion within the international ECA market.

Perspective

04 July 2025

ECAs dig deep in search for critical mineral financing

Critical mineral supply chains sit at the centre of present geopolitical tensions, from China’s processing monopoly to Ukraine’s untapped deposits. ECAs have been armed with new products to develop mining assets, and a host of projects seem set to benefit. However, it is not yet clear that ECAs can meaningfully boost deal numbers on their own.