MLA: HSBC
Borrower: Yemen Company for Mobile Telephony (SabaFon)
Amount: $42 million
Tenor: 5 years
ECA: Euler Hermes
Legal counsel: Norton Rose (English counsel), Law Offices of Sheikh Tariq Abdullah (Yemeni counsel), Law Offices of Jamal Adimi (for SabaFon)
This deal is significant as it is one of the first ever ECA-supported transactions to be structured in compliance with Islamic Law. Yemen Company for Mobile Telephony-SabaFon is the leading mobile telecommunications provider in Yemen with a subscriber base of over 1 million...
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