Abu Dhabi's Senaat assets reach $7.4bln, debt stable at $1.6bln - CEO | ZAWYA MENA Edition:
Senaat, the largest industrial investment holding company in the United Arab Emirates, has said that the value of its industrial asset portfolio reached 27.3 billion dirhams ($7.43 billion) at the end of 2018, according to its chief executive.
Jamal Salem Al Dhaheri told reporters at a media briefing in Abu Dhabi that the state-owned conglomerate’s portfolio had grown “by a compounded annual rate of 15.5 percent since 2004”.
Total debt reached 6 billion dirhams at the end of 2018, he said in Arabic, noting that the 1.1 billion dirham sukuk issued by the firm in the last quarter of 2018 was used to re-finance existing debt.
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