UAE's Meraas gives DXB Entertainments AED245mn loan
Date
9/20/2017 3:30:03 AM
(MENAFN) DXB Entertainments proclaimed that it will recieve a subordinated loan at AED245mn value from the largest stakeholder in it, Meraas.
Furthemore, the loan is with interest rate and will be collected for financing the operational expenses and repaying debts.
Additionally, the loan will enable the business to execute on Meraas plan which will produce value for its shareholders over the long-term 'Mohamed Almulla'.
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