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Sorouh Real Estate may raise debt to Dh4bn

Sorouh Real Estate has said it is planning to raise some Dhs4bn during 2010, Emirates Business has reported. The company has an equity base of Dhs6.026bn and a debt of Dhs2.073bn. A Sorouh spokesperson has said the company expects to increase its debt closer to 100% but it does not mean it will necessarily increase it to 100%, adding it will raise funding as and when it needs it.

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