UAE’s Emaar Properties gets $1.5 bln loan from First Abu Dhabi Bank–sources:
"Dubai-based Emaar Properties obtained a $1.5 billion corporate finance loan from First Abu Dhabi Bank, sources familiar with the matter said on Sunday. Emaar, which develops residential properties, hotels, entertainment and shopping malls, agreed on the financing after initially holding talks with some of its relationship banks for three bilateral loans of $500 million each. In the end, it chose to obtain a single loan of $1.5 billion with First Abu Dhabi Bank underwriting the whole amount, said the sources, declining to be named as the matter is not yet public."
'via Blog this'
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