Dewa is launching an export credit facility worth around $2 billion (Dh7.34bn) in the second quarter of this year to finance its ongoing expansion plans.
Dewa Managing Director and CEO Saeed Mohammed Al Tayer said the facility is very competitively priced and has a tenor of up to 13 years.
"We have already started it. The result is positive and we already have some agreements with credit export agencies. You may see it in June or July," Al Tayer told Emirates Business. Dewa said it has plenty of liquidity and would not be pressured to pay any debt until 2013, said Nasser Akil Abbas, Director of Treasury at Dewa.
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