Browse related articlesTabreed to raise $570m
United Arab Emirates: Thursday, February 28 - 2008 at 06:49
Dubai-based National Central Cooling Company (Tabreed) has announced plans to raise at least $570m this year in Islamic loans and convertible bonds to help refinance existing debt and expansion, reported Reuters. The company's chief financial officer Abdullah Al Muhairi said it has launched syndication of a Dhs1bn ($272.3m) loan. The 12-year facility is Sharia-compliant and is structured as an ijara, or lease agreement.
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Jeff Florian, Senior ReporterThursday, February 28 - 2008 at 06:49 UAE local time (GMT+4)
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