ADIB CLOSES AED302M SYNDICATED ISLAMIC FINANCING FOR ENPI

     (The following press release from ADIB was received by e-mail. It was not 
confirmed by the sender.) 
ADIB closes AED 302 million syndicated Islamic financing for ENPI
Abu Dhabi, 09 April 2013: Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic 
financial services institution, announced today that it had closed an AED 302 
million ($82 million USD) syndicated Islamic financing deal for Emirates 
National Factory for Plastic Industries L.L.C. (ENPI), the UAE’s leading 
manufacturer of  plastic packaging solutions and paper products. 
This financing will be used in conjunction with ENPI’s recent acquisition of 
100% share of ENPI Packaging Division by Saudi Printing & Packaging Company – a 
publicly listed Saudi company (SPPC), the largest publicly traded printing & 
packaging company in the region. The Technology Division of ENPI has spun-off 
and been carved-out in conjunction with the acquisition. The acquisition 
represents a new strategic impetus for ENPI group under the ownership of SPPC, 
a long term strategic investor in the printing / packaging industry. 
ADIB acted as the Mandated Lead Arranger, Sole Bookrunner, Investment and 
Security Agent Bank for the deal. Other banks that participated in the 
financing deal included Al Hilal Bank, Mashreq Al Islami as Mandated Lead 
Arrangers, ADCB, Ajman Bank and FGB as Lead Arrangers. 
Commenting on the deal, Arif Usmani, Global Head of Wholesale Banking said: “We 
are pleased to further strengthen our relationship with ENPI and SPPC by 
providing this customized syndicated Islamic financing solution. It reaffirms 
our commitment to the growth and development of the UAE and our desire to 
further develop cross-border relationships with major GCC/ME conglomerates.  
This deal further substantiates ADIB as a world-class Corporate Finance and 
Investment Banking organization with a full suite of Islamic Corporate Finance, 
investment and equity solutions. In addition, it showcases ADIB’s unique 
capabilities to structure and arrange custom made Shari'a compliant financing, 
with co-participation of Islamic and conventional financiers.” 
Nizar Rajoub, Founder and CEO of ENPI commented “We thank ADIB for their 
valuable contribution to the phenomenal evolution phase of ENPI group. ADIB 
shared our vision and strongly believed in the company’s growth potential. The 
bank played a critical role in helping ENPI build the foundations for the next 
phase of our growth. We have been dealing with ADIB since 2009 and we are 
looking forward to further cementing the relationship with them and thus the 
position of ENPI Group as a leading provider of paper and plastic packaging 
solutions”. 
Saad Al-Azwari, CEO of SPPC and a member of its Board of Directors, said: “We 
recognize ADIB’s main role in structuring this syndicated financing agreement. 
The bank showed innovation, flexibility, commitment and experience in 
customizing the deal to our specific needs. This acquisition is part of our 
strategy to pursue inorganic growth opportunities and we are very excited to 
add ENPI to our portfolio of businesses and look forward to fully leverage the 
potential synergies and growth opportunities from this acquisition. SPPC was 
well prepared for growth in accordance with the board's strategic plan, for 
there has been  a desire for expansion in the packaging sector and ENPI has a 
number of supplementary products that will prove mutually beneficial.” 
SPPC was established in Jeddah in 1963. It specializes in the production of 
daily newsprints , publications and journals, in addition to  packaging and 
printing solutions
- Ends - 
Dina Ghandour
Account Director 
Brunswick Gulf Ltd, Office 807-B, Park Rotana Office Complex, Twofour54, Po Box 
77800, Abu Dhabi, UAE
Tel +971 (0) 2 234 4600 www.brunswickgroup.com