VOL. XXXIX

No. 45

5-August-1996

UAE

Banks Arrange $55Mn Loan For Fujairah Terminal Project

Syndication of a $55mn nine-year loan to part finance the construction of a terminal and storage facilities for petroleum products in the UAE emirate of Fujairah has now been completed, with formal signature expected by October. The loan was put together by Emirates Bank International (lead arranger), Commercial Bank of Dubai, National Bank of Fujairah, Arab Petroleum Investments Corporation...