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Tabreed targets $272m loan
- United Arab Emirates: Sunday, December 16 - 2007 at 09:43
The UAE based district cooling firm Tabreed is looking to set up a $272m syndicated loan to help finance its regional expansion programme, reported Emirates Business 24/7. The company's CEO Dany Safi said Tabreed will build plants in Saudi Arabia, Kuwait and Oman and will invest up to $7bn over the next five years to keep pace with the ongoing real estate boom and population explosion.
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Jonathan Sheikh-Miller, Deputy EditorSunday, December 16 - 2007 at 09:43 UAE local time (GMT+4)
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