Dubal Signs Two More Loans For Expansion Project
Dubal Aluminium (Dubal) has signed twomore loans totaling $300mn - $200mn with Citibank UAE and $100mn with Mashreqbank. The loans will be used to help finance theKestrel expansion project, which will increase capacity at Dubals Jebel Ali smelter to710,000 ton/year by 2006. Earlier this month Dubalraised a total of $325mn towards the cost of the expansion project, estimatedat $900mn. Standard Chartered Bank agreed to...