Al Noor Trading W.L.L. (Demo)
in progressRating R05- OriginationCompleted
- PreparationCompleted
- BusinessCompleted
- Credit AdminCompleted
- 5RiskIn progress
- CommitteeLocked
- RegulatoryLocked
- Docs & CPsLocked
- DisbursementLocked
- MonitoringLocked
Business Sign-off
Sequential business sign-off: Prepared by → Recommended by → Concurred by. Pass forward or return with comments.
- Prepared by
- Recommended by
- Concurred by
- Return with comments
- Facility
- Overdraft · USD 12.0 MMSecured · 160% cover
- Tenor / pricing
- 1 yrs · 3M QIBOR + 3.00%
- Rating
- R05
- Approval level
- Level 1
The Business Unit requests renewal and enhancement of the working-capital facilities of Al Noor Trading W.L.L. (Demo) from QAR 36.5 MM to QAR 43.8 MM (USD 12.0 MM equivalent at parity 3.65), comprising an overdraft of QAR 29.2 MM priced at 3M QIBOR + 3.0% p.a. and a letter-of-credit line of QAR 14.6 MM. The facilities are secured by a first-ranking mortgage over the company's warehouse (valued USD 19.2 MM, 2025) and personal guarantees of the shareholders.
- Long-standing relationship with satisfactory conduct.
- Consistent profitability and improving leverage.
- Adequate tangible security coverage.
The Business Unit recommends the renewal and enhancement of facilities for the committee's consideration.
Business Unit sign-off
Sequential: Prepared by → Recommended by → Concurred by. Each signature records name, designation and timestamp.
- Person 1Relationship Managere-signed 26 Aug 2026 10:44
- Person 2Head of Private Bankinge-signed 26 Aug 2026 10:44
- Person 2Head of Corporate Bankinge-signed 26 Aug 2026 10:44