From Bloomberg: Emirates Steel Industries PJSC, the state-owned company that operates the largest steel plant in the United Arab Emirates, received a $1.1 billion loan from a group of regional banks as it seeks to expand its output.
The seven-year loan includes $367 million of Islamic financing and a $733 million conventional facility, the company said in an e-mailed statement today. It didn’t provide pricing for the loan, which is part of $2.2 billion in financing the company said it obtained Aug. 1……………………………………….Full Article: Source