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Arbatec consortium close to secure $1.1bln loan for Abu Dhabi airport project

Posted on 14 August 2012

Arbatec, the consortium responsible for the construction of Midfield Terminal Building (MTB) at Abu Dhabi International airport (ADI), is close to sign a $1.1bn financing deal for the project according to reports.
The Shariah-compliant financing deal is led by Mashreq and also includes First Gulf Bank, Union National Bank, Al Hilal Bank, all from Abu Dhabi, and Jordan’s Arab Bank. Out of the total financing facility, 80% will be Sharia-compliant, with the remainder planned to be secured through a conventional loan………………………………………..Full Article: Source

 
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