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26-04-21
Abu Dhabi Ports saves USD1B loan with group of banks
(MENAFN)According to sources, Abu Dhabi Ports that owns and operates 11 ports and terminals in the UAE and Guinea has saved a USD1 billion loan with a group of banks.
The first source further declared that nine banks provided the facility, with Citi and First Abu Dhabi Bank having lead roles in the transaction.
HSBC and Standard Chartered were involved in the loan for the company that is owned by Abu Dhabi state holding company ADQ, it added.
Abu Dhabi Ports, FAB, HSBC and Standard Chartered did not reply to Reuters asks for remarks.
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