Dubai Holding unit repays $250m BNP loan
Dubai, October 12, 2009
Dubai Holding Commercial Operations Group (DHOG), the holding company of Dubai Holding’s property, business parks, and hospitality verticals, announced that it had repaid a $250 million loan to BNP Paribas.
The bilateral loan, taken out as a general corporate facility, was repaid on the maturity date.
This announcement comes less than a week after Dubai Holding said it had paid back in full a $300 million loan belonging to its Sama Dubai property unit.-TradeArabia News Service