Proclad Group Limited (“Proclad”), the world’s leading provider of protective weld cladding to the oil and gas sector, has appointed QInvest, Qatar’s leading investment bank, as its exclusive financial advisor to arrange a multi-tranche syndicated financing for the expansion of its UAE facilities and to fund future projects. The signing ceremony was attended by Mr. Yaseen Jaafar, CEO of Proclad, and Mr. Asar Mashkoor, head of investment banking at QInvest, who signed the agreement on behalf of their respective organizations at Proclad offices.
Speaking on this occasion, Mr. Yaseen Jaafar said: “We are pleased to announce this transaction with QInvest which represents an important step in the second phase development of our world class cladding facility here in the UAE. This funding will allow us to fully exploit the current market opportunities available to us”.
Mr. Asar Mashkoor said: “We are delighted to sign this agreement with Proclad, who are pioneers in their field. We look forward to assisting Proclad finance their growth plans and developing a solid and long term partnership with them in the future”.