VOL. XLI

No. 37

14-September-1998

UAE

Dubal Signs $120Mn Term Loans

Dubai Aluminium (Dubal) announced on 9 September that it had signed term loanagreements worth $120mn with five banks. Four international banks and one local bankcontributed to the facility, which will partly finance the expansion of the company'ssmelter capacity. Mashreqbank was the only local bank to participate and contributed $25mnto the loans, as did Royal Bank of Canada, Credit Agricole Indosuez and Standard CharteredBank....