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Islamic Finance Briefing - Categorized | Banking, Finance, Market Moves more

Dubai’s GEMS raises $544mln in banking deal

Posted on 22 April 2013

GEMS Education has successfully raised AED2bn ($544m) bank finance as part of its continuing investment in the education sector, it was announced on Sunday.
The facility has a tenor of six years and has Islamic and conventional tranches. The facility raised will be used to refinance its investment in schools made over the last three years and to provide additional funds for the investment in new schools in the UAE and wider MENA region………………………………………..Full Article: Source

 
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