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DIFC Investments repays $500m syndicated loan before maturity

  • United Arab Emirates: Tuesday, December 02 - 2008 at 14:04
  • PRESS RELEASE

DIFC Investments, the investment arm of the Dubai International Financial Centre (DIFC), announced today that it has repaid its $500m syndicated loan facility in full yesterday.

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About the DIFC
The Dubai International Financial Centre (DIFC) is an onshore hub for global finance. It bridges the time gap between the financial centres of Hong Kong and London and services a region with the largest untapped emerging market for financial services. In just three years, over 700 firms have registered at the DIFC.

They operate in an open environment complemented with world-class regulations and standards. The DIFC offers its member institutions incentives such as 100 per cent foreign ownership, zero tax on income and profits and no restrictions on foreign exchange. In addition their business benefits from modern infrastructure, operational support and business continuity facilities of uncompromisingly high standards.

About DIFC Investments
Operating under the umbrella of the DIFC, DIFC Investments administers commercial activities such as the operation and management of any current and future subsidiaries, the development of the centre's investment strategy and relevant policies, and any other strategic investments or alliances that will further the goals and objectives of the DIFC and contribute to the fulfillment of its vision. The broad mandate of DIFC Investments also includes responsibility for all non-public administration activities previously carried out by the DIFC Authority, the body of the DIFC charged with developing overall strategy and providing direction and supervision to the centre.

For more information, please contact:
Maliha Aqeel
Account Manager, Finance Practice
Jiwin Public Relations
Tel: +9714 3613598
Mob: +97150 6331976

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