Dubai World Central AED1.099 billion financing

20/3/2016

Financing

Value:

AED 1.099 billion

Dollar value:

$ 299.210 million

Status:

Completed

Date:

20/3/2016

Overview:

Dubai World Central has taken out AED1.099 billion in new financing.
Dubai Islamic Bank, Noor Bank and National Bank of Abu Dhabi acted as arrangers
The funds are part of a wider financing that will be used for the development of Dubai South, a real estate development incorporating the new Maktoum airport.
The site will also host Expo Dubai in 2020.

Sam Duke - Editor

Jurisdiction:

United Arab Emirates

Deal type:

Financing

Practice area:

Banking

Governing law:

England and Wales

Industry sectors:

Real estate
Tourism

Firm:

Allen & Overy

Party: Dubai Islamic Bank (Arranger)

Party: Noor Bank (Arranger)

Party: National Bank of Abu Dhabi (Arranger)

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