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Abu Dhabi Commercial Bank to finance Dubai freezone

Posted on 26 August 2009

From Gulfjobsmarket.com: Abu Dhabi Commercial Bank PJSC, the United Arab Emirates’ third-biggest bank by assets, will provide a 300 million-dirham ($81.7 million) loan to Dubai Silicon Oasis Authority to fund the development of a technology park.

The Mudarabah Islamic loan to part-finance the development of facilities in Dubai Silicon Oasis will be provided by the bank’s Islamic unit ADCB Meethaq, it said in an e-mailed statement today………….Full Article: Source

 
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