image description
image description
Tell A Friend

FinancialNews


  • 16-06-13

    UAE- Caterpillar dealer Unatrac takes USD700m loan

    (MENAFN) Unatrac Holding's group corporate treasurer, Nader Aboushadi, stated that the caterpillar equipment dealer signed a USD700 million loan agreement to fund operations, reported Arabian Business. Aboushadi also said that the three-year loan will also be used to refinance the company's existing debt. The treasurer added that the UAE-based firm increased the size of the revolving credit facility from USD600 million after pledges from lenders. It is worth noting that Unatrac, a part of Egyptian conglomerate Mansour Group, has operations in Russia, Ghana, Nigeria, Kenya, Tanzania, Uganda, Iraq and Sierra Leone.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved