Monday 04, October 2010 by
al khaliji ink $1.1 billion Emirates Steel Industries finance deal
The biggest steel plant in the UAE, Emirates Steel is a subsidiary of government-owned Abu Dhabi Basic Industries Corporation. In August 2010, a $733 million facility from seven conventional banks and a $367 million loan from two Islamic banks have been raised to fund the expansion of Emirates Steel's production facility and to refinance existing indebtedness.
