Sunday 25 January 2015
 
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Sahara unit signs $522m loan refinancing

Saudi Arabia's Sahara Petrochemical Company said its subsidiary Al Waha Petrochemicals had secured SR1.96 billion ($522 million) from two local lenders to refinance an existing Islamic loan. The previous loan amount wasn't

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Tecom signs $1.1 billion loan to fund growth

Tecom Investments, a business park operator with a major role in developing Dubai's economy, said on Tuesday that it had signed for a syndicated loan facility of up to Dh4 billion ($1.1 billion) to fund its growth. The combine

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Dubai refiner Enoc eyes $1.5bn long-term loan

Dubai's Emirates National Oil Company (Enoc) is seeking to arrange a $1.5 billion long-term loan for general business purposes, the company confirmed to Reuters on Monday. The statement came after three sources with direct kno

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Ezz Steel signs $236m facility to restructure debt

Ezz Steel, Egypt's largest steelmaker, has signed a long-term financing agreement with two banks worth EGP1.7 billion ($236 million) to help it restructure its debt. The loan will be repaid in quarterly instalments over seven

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UAE real estate company ups loan to $340m

UAE-based Al Hamra Real Estate Development said it has increased the value of a syndicated loan to Dh1.25 billion ($340.3 million) from Dh850 million ($231 million) previously. Al Hamra, based in the northern emirate of Ras Al Kha

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Banks slash interest rate on Emaar's $500m loan

Dubai's Emaar Properties has agreed with banks to slash the interest rate on a $500 million syndicated loan, the developer said, in the latest example of a local company winning a cut in funding costs from cash-flush bank lenders.

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Banks slash interest rate on Emaar's $500m loan

Dubai's Emaar Properties has agreed with banks to slash the interest rate on a $500 million syndicated loan, the developer said, in the latest example of a local company winning a cut in funding costs from cash-flush bank lenders.

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Jabal Omar wins $1bn loan to fund Makkah project

Saudi Arabia's Jabal Omar Development Company said it has secured a SR4 billion ($1.07 billion) loan to refinance part of an existing facility it signed in 2012 to fund its real estate project in Makkah region of the kingdom.

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NMC in talks with banks for possible loan

UAE-based healthcare provider NMC Health, founded by billionaire Indian entrepreneur BR Shetty, is in talks with bankers for a potential long-term loan, four sources with knowledge of the matter said on Monday. The London-listed c

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Mumtalakat signs $500 million loan deal

Bahraini sovereign fund Mumtalakat has signed a $500 million, five-year loan with a group of banks, sources aware of the matter said on Sunday, with the cash to be used for general business purposes and to refinance existing debt.

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