Wednesday 10 February 2016
 
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Union Properties eyes $202m loan to fund key projects

Dubai's Union Properties is in talks with banks to borrow about Dh740 million ($202 million) to help fund some of its projects, the developer said in a bourse statement on Tuesday. The company hopes to borrow Dh300 million ($8

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Union Properties eyes $202m loan to fund key projects

Dubai's Union Properties is in talks with banks to borrow about Dh740 million ($202 million) to help fund some of its projects, the developer said in a bourse statement on Tuesday. The company hopes to borrow Dh300 million ($8

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Jabal Omar in talks with lenders after missing $173m payment

Saudi Arabia's Jabal Omar Development Company is in talks with creditors after failing to make the first repayment, worth SR650 million ($173.29 million), on a SR3 billion state loan on January 1, the property firm said on Sunday.

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Jabal Omar in talks with lenders after missing $173m payment

Saudi Arabia's Jabal Omar Development Company is in talks with creditors after failing to make the first repayment, worth SR650 million ($173.29 million), on a SR3 billion state loan on January 1, the property firm said on Sunday.

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Aabar seeks $2.5bn to refinance loan

Abu Dhabi state fund Aabar Investments is seeking to borrow $2.5 billion from banks to refinance a loan coming due in April, sources aware of the matter said on Monday. The state-linked firm is in talks with a small group of banks

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ENBD loan growth to fall to mid-single digits

Dubai's Emirates NBD (ENBD) expects its loan growth to fall to a mid-single digit percentage in 2016, the bank said on Monday. This compares with loan growth of 10 per cent in 2015, the emirate's largest lender wrote in an

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KHI closes refinancing of $381m loan

Saudi Arabia's Kingdom Holding, the investment firm of billionaire Prince Alwaleed bin Talal, has completed the refinancing of a €350 million ($381.3 million) loan facility, it said on Monday. The loan, backed by the Four Seaso

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Bahrain Commercial Facilities seals $125m loan deal

Bahrain Commercial Facilities Company, a consumer finance and insurance provider, has raised a $125 million loan to refinance existing debt and for general business purposes, a bourse statement from one of the arrangers said on Monday.

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Al Hilal Bank closes $175m two-year Islamic loan

Abu Dhabi's government-owned Al Hilal Bank has closed a $175 million Islamic loan transaction with three banks, sources aware of the matter told Reuters on Thursday.   The loan has a life span of two years, t

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Barwa Real Estate signs $444m Islamic loan

Qatar's Barwa Real Estate said it had signed a $444.3-million sharia-complaint loan with Islamic bank Masraf Al Rayan.   The loan is for five to seven years and will be used to refinance earlier borrowings, B

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