Jasper Corporate Finance Limited (Jasper), a leading London and Dubai based corporate finance company with offices in Abu Dhabi, Istanbul and New Delhi, announced the completion of its mandate to raise Dhs200m of financing for the Stargate project on behalf of Osus Facilities Management LLC (Osus).

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Acting as financial adviser to Osus, Jasper successfully structured a Shari’ah compliant transaction with Qatar National Bank (QNB) and HSBC Amanah (HSBC), which acted as the arranger, agent and security agent for the club deal.

QNB and HSBC jointly financed the transaction with each contributing 50% of the total amount, or Dhs100m ($27.5m).

The proceeds of the transaction will assist Osus in funding the development of a high quality family ‘edutainment’ centre and themed mall to be located in Za’abeel Park, Dubai, United Arab Emirates (UAE). The STARGATE project will be a unique mixed-use, multi-attraction venue, with both indoor and outdoor facilities well placed at the heart of Dubai.

Osus is owned by a number of leading companies in the Gulf, including Tanmiyat, Al Oula Real Estate Development and Al Hindi Group, and was granted permission by the Dubai Municipality to develop this unique project through a Build Operate Transfer contract for a lease term of 30 years. http://www.ameinfo.com/167943.html

 
 

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