DUBAI, 1 May 2013 - Hogan Lovells has advised Mashreqbank and a syndicate of Islamic and conventional banks, on an AED2bn (US$545m) Islamic and conventional facility made available to GEMS Education, one of the UAE's leading education providers.

Abu Dhabi Islamic Bank, Dubai Islamic Bank, Mashreqbank and Noor Islamic Bank have acted as arrangers and book runners for the financing, with United Arab Bank as a participant bank.