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FINANCIAL NEWS
Dubai-Tabreed signs facilities deal at AED1.53bn
29 Jun 2017
(MENAFN) The National Central Cooling Co. (Tabreed) has inked an Islamic finance facilities deal at AED1.53bn with a number of banks.
Additionally, the arrangers are Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, and Mashreq Al Islamic, an Islamic banking division of Mashreq Bank.
Moreover, the deal plans to refinance part of Tabreed’s recent senior bank debt offered by its creditor banks on 24 Dec 2014, as well as to offer extra funds for capital spending.
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MENAFN2906201700450000ID1095585111
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