You are here

RHB Bank Singapore targets Islamic financing for hospitality assets

It is working on another Islamic funding transaction backed by a popular hotel chain

BT_20180713_AGROYAL135SZ3_3499716.jpg
Mr Nazmi (left) and Mike Chan, country head/CEO of RHB Bank Singapore.

BT_20180713_AGROYAL135SZ3_3499716.jpg
The bank does not view the recent financing deal inked with real estate firm Royal Group for SO Sofitel Singapore (above) as a "one-off transaction" in the hotel industry, says Mr Nazmi.

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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes