Real estate related news and press releases covering MENA region.
Arkan scores $381m loan for project funding
Jun 21, 2012
Abu Dhabi-based Arkan Building Material Co has said it has secured a Dhs1.4bn loan ($381.16m) from mainly local banks to refinance existing debt and fund new projects, Reuters has reported. The company, which is 51% owned by Abu Dhabi's General Holding Corp, a fully government-held entity, plans to launch three new business units in the next three years including a cement factory and lime plant, Arkan said.