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FINANCIAL NEWS
Skai receives USD300m financing for Dubai projects
02 Sep 2015
(MENAFN) Skai has successfully completed a USD300 million syndicated finance package to support the construction of its Viceroy Dubai Palm Jumeirah and Viceroy Dubai Jumeirah Village projects.
The Dubai-based real estate and hospitality group is backed by seven financial institutions, including Abu Dhabi Islamic Bank, and other three of the world’s largest banks.
“This transaction received USD585 million in subscriptions, representing an overwhelming interest from some of the world’s foremost financial institutions,” Group CEO of Skai said.
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