Thursday 10 October 2024
 
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leverage hotel

Al Jaber to sell contractor, leverage hotel in debt plan

Abu Dhabi's Al Jaber Group plans to raise up to Dh2.35 billion ($640 million) by the end of 2017 by selling its stake in a construction company and using a prime hotel in the emirate as collateral for a loan, informed sources said.

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Al Jaber to sell contractor, leverage hotel in debt plan

Abu Dhabi's Al Jaber Group plans to raise up to Dh2.35 billion ($640 million) by the end of 2017 by selling its stake in a construction company and using a prime hotel in the emirate as collateral for a loan, informed sources said.

More…
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