NBAD acted as arranger, co-ordinator and security agent on the deal, with Abu Dhabi Investment Company and Union National Bank also joining the syndicate. Each bank provided AED150m ($40.8m).
Last October NBAD agreed a AED399m ($108.6m) loan to finance Al-Farida’s development of the Bridgeway mixed-use facility at Zayed Sports City in Abu Dhabi.
Al Farida acts as an investor and developer in tourism, retail and residential projects.
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.