Investment Corp of Dubai raises $1.2bln loan- sources | ZAWYA MENA Edition:
"Investment Corporation of Dubai (ICD), the Dubai government’s main investment arm, has raised a $1.2 billion loan needed to refinance existing debt, banking sources said. The loan was led by Citi, Dubai Islamic Bank, Emirates NBD, HSBC, ICBC and Standard Chartered . The Dubai sovereign wealth fund, whose portfolio includes stakes in companies such as Emirates Airline and Emirates NBD, had assets totaling 786.8 billion dirham ($214.21 billion) as of June last year, according to its most recent financial results."
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