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FINANCIAL NEWS
UAE- Gems Education receives USD544m loan
23 Apr 2013
(MENAFN) Gems Education Founder and Chairman, Sunny Varkey stated that the company has received USD544 million in finance, to develop various educational facilities in the UAE, reported Emirates 24/7.
Several local and international firms are participating in the investment of a facility aimed at reinvesting money into various projects across the UAE and the region.
Financing for the facility came from a number of commercial banks. Deloitte, Allen & Overy and Hogan Lovells will act as advisors for the facility.
Gems Education aims to establish the latest in education facilities, while incorporating different international curriculums in order to meet future demand from the ever growing education sector.
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