UP stakeholders okay loan extension terms
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UP stakeholders okay loan extension terms

UP stakeholders okay loan extension terms

UAE-based developer, Union Properties (UP) has said that its shareholders approved extending the term of a Dhs405m bridge loan provided by Emirates NBD on December 28, 2009 to March 31, 2014. Shareholders also approved the extending the maturity of a Dhs2.1bn and a $188.4m syndicated loan facility signed June 19, 2007 to December 31, 2013 at an extraordinary general meeting held April 29, the lender said.

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