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Dubai repays $500m loan
- United Arab Emirates: Wednesday, December 03 - 2008 at 07:52
DIFC Investments, the savings arm of the Dubai International Financial Centre (DIFC), announced on Tuesday that it has repaid in full its Dhs1.83bn ($500m) syndicated loan facility, which was due to mature on Friday. DIFC Investments had signed a $500m loan in March 2008 to back its acquisition of UK's SmartStream Technologies Group. The DIFC announcement comes about a week after Dubai Holding repaid Dhs2.4bn worth of amortising and maturing bank loans.
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Jeff Florian, Senior ReporterWednesday, December 03 - 2008 at 07:52 UAE local time (GMT+4)
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