(MENAFN) Dubai-Emaar Properties gained USD1.5bn corporate finance loan from First Abu Dhabi Bank.
The developer, which improves residential properties, hotels, entertainment and shopping malls, confirmed on the financing after holding talks with some of its relationship banks for USD500mn three mutual loans.
Additionally, the firm, which is also aiming a basic public offer of more than 30 percent of its regional real estate development business, would discuss its entry into a new financing agreement.
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