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FINANCIAL NEWS
DP World in talks for USD3b loan facility
26 Apr 2014
(MENAFN) Dubai’s port operator DP World announced that it is holding talks with lenders to expand a USD1 billion loan, Arabian Business reported.
The firm plans to raise the loan to USD3 billion, four banking sources said, speaking on condition of anonymity as the information isn’t public.
The company also plans to extend the lifespan and cut the interest rate, taking advantage of investors’ renewed confidence in the emirate.
The original five-year revolving credit facility was signed two year ago and has already been renegotiated once, adding a year to the lifespan in June last year.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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