VOL. XLII
No 41
11-October-1999
UAE
Dubal Secures $50Mn Facility For Condor Expansion Project
Dubai Aluminium Company (Dubal) announced on 30 Septemberthat it had secured a $50mn loan facility from Lloyds TSB Bank. The loan is tobe used to finalize the company痴 $725mn Condor expansion project. In astatement from Dubal, the company痴 Chief Financial Officer, Mr. Samiral-Ansari, explained that the loan was repayable in seven equal biannualinstallments commencing 1 May 2001 and ending on 1 May 2004....
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