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Aldar $2.1bn Al Raha finance
- United Arab Emirates: Wednesday, June 06 - 2007 at 15:43
Aldar Properties is raising $2.1bn through syndication of a secured term loan and a separate Islamic Ijara facility. Aldar will use the funds to finance infrastructure work at its Al Raha Beach project. Morgan Stanley and Dubai Islamic Bank are bookrunners and lead arrangers; Abu Dhabi Commercial Bank, National Bank of Abu Dhabi and First Gulf Bank are lead arrangers.
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James McInerney, News EditorWednesday, June 06 - 2007 at 15:43 UAE local time (GMT+4)
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This article was updated on Sat Jun 16 2007.
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