I got TECOM Company In Dubai, it obtained two loans worth 7.6 billion dirhams to refinance existing debts, ahead of the expected initial offering of its shares on the Dubai Financial Market.
The largest loan obtained by “TECOM” came from Dubai Islamic Bank and Emirates NBD with a value of 4 billion dirhams for a period of 5 years, while the second loan amounted to 3.6 billion dirhams, from First Abu Dhabi Bank and Emirates NBD.
The Deputy Prime Minister, Minister of Finance and Deputy Ruler of Dubai, Maktoum bin Mohammed, had previously announced the listing of the “TECOM” group on the Dubai Financial Market.
This comes within the plans of the Supreme Committee for the development of financial markets and stock exchanges in Dubai, and in its efforts to double the value of the financial markets in the emirate to 3 trillion dirhams during the next stage.
