VOL. XLII

No. 35

30-August-1999

UAE

Dubal Completes Financing For Condor With $50Mn Loan FromANZ Grindlays

Dubai Aluminium Company has completed financial arrangementsfor its Condor expansion project and has signed a loan agreement with ANZGrindlays Bank for $50mn. According to a statement from Dubal, the entiremedium-term borrowing of over $600mn has now been completed. The loan has beenagreed for a five-year period and is repayable in seven equal installmentscommencing in 2001, a senior...