Tuesday 29, April 2008 by
Vakson raises $50 million syndication loan through NBF
Jebel Ali Free Zone-based Vakson Group Ltd (VGL) has signed an agreement to raise $50.3 million through a syndicated facility. The loan will be used by an associate company, Vakson Real Estate LLC, for financing medium term working capital requirements. National Bank of Fujairah (NBF) was the initial mandated lead arranger and book runner for the facility.
