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06-10-18
DAE successfully ends closure
(MENAFN) Dubai-based aerospace firm, Dubai Aerospace Enterprise (DAE) has announced the successful closure of an USD800m revolving loan facility.
CEO of DAE said: "The successful closing and oversubscription of the credit facility is confirmation of the confidence that banks have shown in DAE's performance and strategic plan."
"Furthermore, this strong appetite from such a large group of banks reinforces the strong liquidity available in the local and regional market. We look forward to partnering with these banks in the upcoming years to grow our business," he added.
Serving as the Coordinating Mandated Lead Arranger and Bookrunner for the loan facility, Al Ahli Bank of Kuwait (ABK) also worked closely with UAE-based First Abu Dhabi Bank (FAB), who also worked as Mandated Lead Arranger and Bookrunner.
MENAFN0610201800450000ID1097534633
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