Dubai-Mubasher: Union Properties (UP) said its shareholders will discuss Oia project financing, according to a bourse statement.
During their ordinary general meeting, the shareholders will consider entering into a agreement with RAK Bank and Ajman Bank for financing the project with AED 290 million for six months.
The shareholders will also discuss authorising the board to enter into loans for periods in excess of three years, mortgage the company’s movable and immovable assets, as well as selling properties.
