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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