Ms. Maryam Sharaf, Group Chief Financial Officer, Dubai World, said:
"This is a significant new stage in Dubai World's corporate funding strategy as we expand globally. The Syndicated Term Loan Facility demonstrates the strength and standing of Dubai World Corporation in the international financial markets and the quality of its relationships with the banking community."
Dubai World Corporation is a decree company created and wholly owned by the Government of Dubai. It manages and supervises a diversified conglomerate of businesses, investments and projects spanning over 100 different cities around the world and employing over 50,000 people.
Dubai World's key subsidiaries include DP World Limited, Istithmar, Nakheel, Economic Zones World, DryDocks&Maritime World, and Limitless. Aggregating all of the diverse business operations makes Dubai World one of the world's largest holding companies.
Syndication of the Facility was launched on September 4 to a selected group of financial institutions. Management Presentations for the benefit of potential lenders, presenting an overview of Dubai World and its core operating subsidiaries and detailing the transaction, will take place, apart from London, in Dubai (September 11) and Hong Kong (September 14).
Browse
related articles
Posted by Anne-Birte Stensgaard, Senior News Editor
