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NBF leads Dhs900m port loan

  • United Arab Emirates: Monday, September 08 - 2008 at 11:41

The National Bank of Fujairah has announced it is arranging a Dhs900m syndicated loan facility for Port of Fujairah. The bank will be the initial mandated lead arranger and Commercial Bank of Dubai as the mandated lead arranger. The syndication had a total of 13 banks participating, with Abu Dhabi Commercial Bank, Arab African International Bank, Arab Bank, Bank Muscat, Lloyds Bank TSB and Union National Bank joining as senior lead arrangers; Abu Dhabi Investment Company and United Arab Bank as lead arrangers; and Bank of Baroda, Bank Sohar and First Gulf Bank as arrangers.

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