RHB Bank Singapore targets Islamic financing for hospitality assets
It is working on another Islamic funding transaction backed by a popular hotel chain
Add BT as a preferred source
Anita Gabriel
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
FRESH from snagging one of the world's largest Islamic financing deal from Singapore-based Royal Group, RHB Bank Singapore is working on another Islamic funding transaction backed by a popular hotel chain in the city state, said an executive from the bank.
As such, the bank does not view the recent financing deal inked with real estate firm Royal Group for SO Sofitel Singapore - a five-star luxury hotel valued at S$300 million - as a "one-off transaction" in the hotel industry, said Nazmi Camalxaman, RHB Bank Singapore's Islamic banking head, speaking to The Business Times.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
