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FINANCIAL NEWS
UAE- Caterpillar dealer Unatrac takes USD700m loan
16 Jun 2013
(MENAFN) Unatrac Holding’s group corporate treasurer, Nader Aboushadi, stated that the caterpillar equipment dealer signed a USD700 million loan agreement to fund operations, reported Arabian Business.
Aboushadi also said that the three-year loan will also be used to refinance the company’s existing debt.
The treasurer added that the UAE-based firm increased the size of the revolving credit facility from USD600 million after pledges from lenders.
It is worth noting that Unatrac, a part of Egyptian conglomerate Mansour Group, has operations in Russia, Ghana, Nigeria, Kenya, Tanzania, Uganda, Iraq and Sierra Leone.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
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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