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Dubai’s Emicool signs $216 mln Islamic loan

Posted on 22 October 2012

Dubai-based Emirates District Cooling (Emicool), a joint venture between Dubai Investments and Union Properties , signed a 793 million dirham ($216 million) Islamic loan guaranteed by both parents, a statement said on Sunday.
Structured in a sharia-compliant manner, the facility runs for ten years, according to the statement from Mashreq , one of the banks providing finance………………………………………..Full Article: Source

 
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