Meydan secures Dh1b financing for key projects | GulfNews.com:
"The Meydan Group has secured a Dh1 billion financing from a consortium of local banks led by Abu Dhabi Islamic Bank (ADIB) that will be used for a series of new and ongoing developments it has embarked on. The funding contains a Dh700 million Sukuk issue and a Dh300 million term facility, both of which mature in 2024.
“This facility assists in realizing our funding objectives to build strategic partnerships with local and regional financial institutions to continue our growth and enable us to fulfil our business strategy of linking the world with the emirate of Dubai,” said Saeed Humaid Al Tayer, Chairman and CEO of the Meydan Group, in a statement.
Meydan has got multiple projects in various stages of development, including the signature mixed-use Meydan One master-development, which is to feature a super-regional shopping mall and a signature tower that aims to be the tallest residential high-rise in the world. The destination will also feature attractions such as the largest indoor ski slope ever."
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