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FINANCIAL NEWS
Dubai’s DEWA to raise USD1.23b next year: Tayer
02 Oct 2012
(MENAFN) Saeed Mohammed al-Tayer, CEO of Dubai Electricity and Water Authority (DEWA) unveiled plans to raise USD1.23 billion loan in 2013, Reuters reported.
Tayer said that DEWA will issue sukuks, resort to export credit agencies and syndication with the proceeds used primarily for debt repayment as well as investments.
DEWA, which was recently upgraded to investment-grade by ratings agency Moody’s, completed its first ECA-backed financing, worth USD1 billion with a 13 years duration, in May 2009 with agencies from France, Germany and Italy.
DEWA, which provides electricity and water services to Dubai, has issued USD1.2 billion worth of bonds in October 2010.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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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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