SYNDICATED LOAN

Qatar Today - - BUSINESS > REALITY CHECK -

Qatar-based share­hold­ing com­pany Ezdan Hold­ing Group (EHG) re­ceived a syndicated loan of $460 mil­lion in De­cem­ber from Mashreq Bank, Dubai Is­lamic Bank and HSBC ME for a pe­riod of eight years. The news was con­firmed by EHG. “The re­cent achieve­ments of the group demon­strate the con­fi­dence we have gained from the in­ter­na­tional and re­gional in­vestors in our am­bi­tious vi­sion and in our strat­egy to max­i­mize the group’s in­vest­ment port­fo­lio, and prof­itabil­ity, and to achieve di­ver­si­fi­ca­tion into var­i­ous eco­nomic sec­tors in or­der to achieve sus­tained pos­i­tive re­turns,” said HE Sheikh Dr Khalid bin Thani bin Ab­dul­lah Al Thani, Chair­man, Ezdan Hold­ing Group. The pro­ceeds of the fa­cil­ity are aimed at re­fi­nanc­ing other ma­tur­ing obli­ga­tions and con­cur­rently ex­tend­ing the ma­tu­rity of Ezdan’s li­a­bil­ity pro­file.

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