Dubai's NPS signs USD200m funding deal| MENAFN.COM

Saturday, 22 January 2022 09:20 GMT

Dubai's NPS signs USD200m funding deal

(MENAFN) Dubai's National Petroleum Services (NPS) secured a figure of USD200 million for a refinancing project, Emirates 24\7 reported.

Arab Petroleum Investments Corp. (Aircorp), as one of the participants in the financing deal said that the deal includes USD150 million fixed rate Islamic facility and USD50 million to be used for working capital.

The cash would help fuel NPS 'growth over the next five years and the refinancing offers the company better terms and will positively impact the company's bottom line,' NPS' CEO said in a statement.

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.