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Abu Dhabi hotel firm gets $409m loan

Abu Dhabi, February 4, 2010

Abu Dhabi National Hotels (ADNH) has received a Dh1.5 billion ($408.5 million) loan from four banks to finance projects in the UAE capital, state news agency WAM reported on Thursday.

National Bank of Abu Dhabi, Abu Dhabi Commercial Bank, Standard Chartered and Union National Bank provided the loan, the statement said, citing the company's chairman Saif Mohamed Al Hajri.-Reuters




Tags: loan | finance | Abu Dhabi National Hotels |

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