ISLAMIC FINANCE

QIB (UK) Plc

The Foot Anstey team have completed a multi-million pound deal acting for QIB (UK) Plc, a London based Islamic investment bank. The team advised on a £11.5m mezzanine finance transaction.

QIB are a major player within the banking industry. They are Qatar's leading Islamic bank and have just opened new headquarters for their UK subsidiary in Mayfair.

The work the team carried out comprised a £68m refinancing of five hotels owned by the Ability Group. The senior lender was AIG who made available £45m.

Imam Qazi, Head of Islamic Finance, said: "QiB are one of the firm's top ten clients and we have invested considerable time in building our relationship with key contacts, including Andrew Fursman, who head up their Real Estate practice."

 


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