"National Fujairah" The arrangement of a joint financing deal is led by 100 million dollars
Dubai, March 10/ WAM/ The National Bank of Fujairah announced the leadership of the arrangement of a joint financing deal and its closure in one currency and a letter of $ 100 million, in order to finance the construction work of a clinker production unit for the benefit of Pure OMENT, and a production capacity of 6,500 tons per day, in addition to a power station that relies on the mechanism of the heat recovery wasted of 8.5 MW.
The total cost of the project is 135.97 million US dollars, as financing will contribute to the purchase of equipment and fixed assets, ensuring the successful implementation of the project.
The National Bank of Fujairah played the role of leadership in the arrangement and agency of the facilities and guarantee, and led the financing process in cooperation with Emirates NBD and Ras Al Khaimah National Bank, where each of them contributed $ 25 million.
Adnan Anwar, CEO of the National Bank of Fujairah, said that this deal reflects the ability of the National Bank of Fujairah to organize and accomplish complex joint financing deals, which contributes to advancing business growth and industrial development, stressing the bank’s commitment to overcome its traditional role in the financing sector, to turn into a strategic partner, by providing financial solutions designed specifically to achieve long -term success, and enhance its position as a financial partner Reliable all over the region.
Fujairah National Bank hosted an official signing ceremony at its headquarters, in the presence of representatives of Emirates NBD and Ras Al Khaimah National Bank, in addition to the most prominent authorities in the sector.
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