Abu Dhabi National Islamic Finance (ADNIF), the Islamic banking division of National Bank of Abu Dhabi (NBAD), recently arranged AED 334m facility for SinoGulf Investments’ commercial tower project in Capital Centre.
SinoGulf Investments’ commercial tower project in Capital Centre, C.18 is the largest plot within the Capital Centre development designated for commercial and retail use. The project commenced in Q1 2008 and shall be completed in Q4 2010.
Moawia El Amin, Head of Corporate and Commercial Division at ADNIF, commented "ADNIF has grown significantly over the past 18 months under the NBAD umbrella. We strive to get the best quality assets under our portfolio and we screen our proposals by thorough due diligence. SinoGulf’s Capital Centre project comes across as a sound business case - it provides the right product at the right time and, most importantly, with the right team." Andrew Clout, SinoGulf’s Managing Director, said: "We and our partners, EastGate Capital, are delighted to be associated with one of the most respected financial institutions in the GCC."
