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FINANCIAL NEWS
Emirates Motor concludes USD175m loan
21 Jul 2015
(MENAFN) Emirates Motor Company, the prime Mercedes-Benz distributor in Abu Dhabi, has announced the conclusion of a USD175 million syndicated dual tranche loan, Gulf News reported.
The main lead arranger for the transaction, which involves a dual tranche structured finance facility, is Noor Bank, with participation from Al Khalij Commercial Bank, ABC Islamic Bank and National Bank of Oman.
“We appreciate the professional and competent manner in which this transaction was handled by Noor Bank and achieved all the financing objectives of the Company,” the Chairman of Al Fahim Group said in a statement.
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