Arabtec’s AED 400m loan due mid-2018

Dubai-Mubasher: Arabtec Holding said the debt facility provided by Aabar is due on 30 June 2018, according to a bourse statement.

In 14 July, Dubai-listed contractor announced it reached an agreement to get a AED 400 million loan from Aabar.

The loan interest rate is attractive and suitable for Arabtec, the statement highlighted, adding that the proceeds from the facility will be used for general institutional purposes.

 

Mubasher Contribution Time: 20-Jul-2016 08:42 (GMT)
Mubasher Last Update Time: 20-Jul-2016 08:42 (GMT)