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Asharq Al-Awsat
Asharq Al-Awsat
Business
Abu Dahbi - Asharq Al-Awsat

UNBELIEVABLE: Ad ports signs 2 bln syndicated bank facility | History Defined

AD Ports Group said that the agreement is within the framework of strengthening its strategic plans for economic development. (WAM)

AD Ports Group has signed a $2 billion financing agreement with a syndicate of 13 banks, it said in a statement on Tuesday.

The multi-currency general corporate facility agreement consists of three tranches of $620 million, 600 million euros, and 2.863 billion dirhams ($779 million), and for a period of up to two-and-a-half years, the company said.

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