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FINANCIAL NEWS
Dubai Duty Free eyes USD1.5b loan
22 May 2012
(MENAFN) The chief executive officer of Investment Corporation of Dubai, Mohammed Al Shaibani, said that Dubai Duty Free is currently raising a loan worth USD1.5 billion, up from the previous plans for raising USD1.1 billion, reported Reuters.
Al Shaibani said that the increase in the targeted loan came after the Dubai Duty Free found high interest from local and international lenders.
It is worth noting that the loan was pursued as the duty free company aimed for expanding its business in the airport.
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