VOL. XLI
No. 40
5-October-1998
UAE
ENOC Subsidiary Signs $50Mn Loan For New Tankers
Dubai Shipping Company (DSC) a wholly-owned subsidiary of theEmirates National Oil Company (ENOC) has signed a $50mn eight-year loan for thepurchase of two small oil tankers on order with Daewoo of South Korea under a $64.6mncontract. The loan was jointly arranged by ANZ Investment Bank, Emirates BankInternational and Gulf International Bank and will finance over 75% of the cost of thevessels. The two new...
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