Haetda expand liquidity to join the [financial newspaper gimdohyeon Korea News] Daewoo construction loan agreement with Qatar Islamic Bank (Qatar Islamic Bank) and 125 million US dollars limit, and announced 18 days.
It is March 21 this Daewoo signed an agreement with Qatar in local banks (hereinafter QIB). QIB has assets of approximately 38 billion US dollars Qatar in second place in the bank, Islamic bank as the bank is one of the largest in Qatar.
This agreement is meaningful in that it achieved a financing line diversification of the domestic construction companies. Pay the financial biyung in a way that Baha Village, because Islamic banks.
Baha Village is under way purchased goods or assets, put the following additional costs to the purchase price of the fee cash on behalf of the Muslim side who loans the bank. A technique that profits instead of interest prohibited by law. The Middle East and the Islamic Corporation orders are expected to increase when these Islamic financing.
Daewoo E & C has been a concern in the market for secure liquidity since the beginning of the year declined to comment and realized annual earnings deficit in 2016 of the third quarter of last year, accounting firm. Daewoo had succeeded in S-Oil residue upgrading project construction price 200 billion won securitization financing, through QIB The loan agreement stably secure a 125 million dollar fund and is expected to wash your concerns about liquidity.
Daewoo official said, while "The loan agreement is expected to help restore market confidence through a secure liquidity," he explained that "the Middle East will continue to benefit from future orders and field operations."
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