Dubai Aluminium approaches banks for rare corporate loan -sources | GulfNews.com:
"Dubai Aluminium (Dubal) has held talks with banks about raising a loan to help fund its general operations, the first time the firm has commissioned such a facility in years, three banking sources told Reuters on Thursday.
While it is a rarity for the company to raise money not tied to a specific project, a loan would be the latest example of a Dubai state-backed entity tapping banks to take advantage of low borrowing rates and the emirate’s resurgent economy.
Talks are at a preliminary stage to sound out banks about what Dubal could raise in the loan market, the sources said on condition of anonymity because the information is not public."
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