Tuesday, 16 December 2014

Al Hamra gets $230 million loan

Al Hamra gets $230 million loan
With the association of international and local banks, Al Hamra Real Estate Development has secured a $230 million (AED850 million) funding deal.

The funding would be utilised to refinance current debt and facilitate cash for new projects as per the developer of the Al Hamra Village and Falcon Islands projects in Ras Al Khaimah.

The funding was grouped by Goldman Sachs, with Abu Dhabi Commercial Bank, Al Khalij Commercial Bank, Al Khaliji France, Arab Bank, Commercial Bank of Dubai, National Bank of Abu Dhabi and Union National Bank all facilitating finance.Read complete story at http://www.tendersontime.com/blog-detail/al-hamra-gets-230-million-loan-93.php

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