DOHA: Milaha Maritime and Logistics, a subsidiary of Milaha, secured financing “Ijara” of $95m from Qatar International Islamic Bank (QIIB). The funds will be used for meeting the needs of the company’s container transportation business. The financing agreement was signed by Sheikh Ali bin Jassim Al Thani, Chairman & Managing Director of Milaha and Abdul Baset Ahmad Al Shibi, Chief Executive Officer of International Islamic, a Qatar Exchange filing said.
The Peninsula