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.
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more