Dubai – Mubasher: Union Properties' (UP) shareholders will consider today signing a credit facility worth AED 290 million with RAK Bank and Ajman Bank for Oia project.
The shareholders will also discuss authorizing the board to enter into more than three-year loans, to hypothecate the company’s movable and immovable assets, and to settle all disputes with the companies' debtees, discharging them from all liabilities
On 18 August, the shareholders' meeting was put forward to today due to incomplete quorum.
