Du secures $1bln financing deal with a group of banks

financing group secures banks term
UAE
  • Date: 07-May-2021
  • Source: Zawya
  • Sector: Economy
  • Country: UAE
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Du secures $1bln financing deal with a group of banks

Emirates Integrated Telecommunications Company PJSC (Du) has confirmed long-term financing of more than $1 billion to use for general corporate purposes and infrastructure deployment.

The company said in a statement to Dubai Financial Market (DFM) that the board has approved long-term financing of AED 3.769 billion ($1.026 billion) in two parts with a group of banks.

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