Dubai Duty Free Tuesday said that Abu Dhabi Islamic Bank (SDIB) has joined the airport retailer's drive to raise $1.1 billion (Dh4 billion) in loans to support the development at Dubai International Airport (DIA).
The financing comprises a conventional term loan and Islamic facilities.
"Abu Dhabi Islamic Bank has joined the transaction as a mandated lead arranger and bookrunner alongside Abu Dhabi Commercial Bank, Citigroup, Dubai Islamic Bank, Emirates NBD Capital and HSBC Bank Middle East to jointly arrange its debut $1.1 billion financing facilities," Dubai Duty Free said in a statement.
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