Nakheel secures $4.6bn in strategic financing ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News

UAE-based developer Nakheel has secured US $4.6bn in strategic financing – refinancing an initial $3bn and agreeing additional funds of $1.63bn – as it looks to drive its new phase of growth. According to a Nakheel spokesperson, the finance will be used to accelerate the development of new projects such as Dubai Islands and other large waterfront projects. The refinancing of $4.6bn has been secured through a syndicate of three banks: Mashreq Bank, Dubai Islamic Bank, and Emirates NBD. The spokesperson added that the transactions will further strengthen Nakheel’s financial position and reflect the confidence of banking institutions in the new strategic focus of the company. In August 2022, Na

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Last updated : 10 Nov 2022 clock 09:16 AM

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Nakheel secures $4.6bn in strategic financing ...United Arab Emirates

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