Google+ Followers

Monday, 16 January 2017

Dubai's Majid Al Futtaim in talks with banks for revolving loan -sources | Reuters

Dubai's Majid Al Futtaim in talks with banks for revolving loan -sources | Reuters:

"Dubai's Majid Al Futtaim, a holding company which owns and operates shopping centres in the Middle East and North Africa, is in talks with banks to obtain a revolving credit facility likely to be in excess of $1.5 billion, sources familiar with the situation said on Monday. The company is self-coordinating the loan, meaning it has not appointed a bank to arrange the fund-raising exercise, said the sources. The loan would refinance existing debt. A spokesman for the company said Majid Al Futtaim had no comment. "



'via Blog this'