DUBAI, November 9, 2015: Morgan Lewis advised Dubai Islamic Bank (DIB) in connection with a AED240 million Musharaka financing made available to Park Water Limited.
The agreement is the first of its kind for Park Water Limited as well as DIB’s debut partnership with a private company in the water and wastewater industry. The financing was secured by assignments of insurances, receivables and account pledges.
The Morgan Lewis team advising DIB was led by partner Ayman A. Khaleq and senior associate Victoria Mesquita.