Contracting Finance

PROJECT SCOPE

Past and present projects cover contractors dealing with the execution of buildings, electrical & mechanical, infrastructure, oil & gas, power & water facilities, etc. The large underwriting capability of Persian Gulf Commercial Bank along with its close association with other regional and international banks, enables it to support clients with even the most ambitious of projects.

SEAMLESS EXPERIENCE

Managed by a team of experienced professionals, the division is organised to work efficiently whilst proactively satisfying customer banking needs. Structured credit facilities have been successfully developed in line with with Sharia guidelines and principles and also effectively contribute to the overall customer satisfaction experience.

FEATURES

The main credit related products on offer include:

1. 'Letter of Guarantee' required in accordance with contract terms
2. 'Letters of Credit' with deferred payment facility through Murabaha payment structures
3. Mudarabaha structure to finance a projects’ funding requirements and general working capital needs
4. Ijarah (Lease purchase) for financing capital goods
5. Foreign Exchange