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FINANCIAL NEWS
UAE’s Gulf Related signs USD626.29m fund deal
29 Sep 2015
(MENAFN) Property developer Gulf Related has signed an USD626.29 million financing deal with Abu Dhabi Commercial Bank to fund the building of a mixed-use retail development in Abu Dhabi, the firm said.
The project financing deal for Al-Maryah Central is the largest of its kind in the region for Gulf Related and its owners, UAE-based private equity firm Gulf Capital and New York-headquartered Related Companies, the statement said.
Scheduled to open in March 2018, the 2.3 million square foot mall will feature the first Macy”s outside of the United States and the first Bloomingdale”s in Abu Dhabi, the statement added.
More News
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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