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FINANCIAL NEWS
Dubai’s NPS signs USD200m funding deal
16 Feb 2015
(MENAFN) Dubai’s National Petroleum Services (NPS) secured a figure of USD200 million for a refinancing project, Emirates 247 reported.
Arab Petroleum Investments Corp. (Aircorp), as one of the participants in the financing deal said that the deal includes USD150 million fixed rate Islamic facility and USD50 million to be used for working capital.
The cash would help fuel NPS ‘growth over the next five years and the refinancing offers the company better terms and will positively impact the company’s bottom line,’ NPS’ CEO said in a statement.
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