Loan of 400 million dollars for Dubai's ENOC Group

Amman- The Arab Bank announced Monday that it was lead-managing a syndicated loan of 400 million dollars for Dubai's conglomerate, the ENOC Group, for financing the purchase of crude oil.
'The loan is indicative of the Arab Bank's keenness on developing and diversifying its investment channels and coping with the growing demand on large loans, particularly those needed in the expanding oil industry,' the Arab Bank's chairman Abdul Hamid Shoman said.
ENOC, a wholly-owned Dubai Government company, is a global energy group that operates 30 subsidiaries and joint ventures throughout the world. Source