Refinances

du Successfully Refinances AED 2 Billion Revolving Credit Facility With Seven Major Banks

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du Successfully Refinances AED 2 Billion Revolving Credit Facility With Seven Major Banks in 2024

A seven-bank syndicate backing a single telecom refinancing tells you something about lender confidence in the UAE’s communications sector. Emirates Integrated Telecommunications Company PJSC, better known as du, has just closed an AED 2 billion revolving credit facility that it does not even need to draw down yet. The du revolving credit facility, valued at … Read more

Aramex Refinances $222M Debt Into Single AED 815M Facility to Strengthen Financial Position in 2026

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Aramex Refinances $222M Debt Into Single AED 815M Facility to Strengthen Financial Position in 2026

Swapping out a patchwork of dollar and sterling loans for a single dirham facility worth AED 815 million is not just housekeeping — it tells you where Aramex sees its financial centre of gravity shifting. The move, valued at $222 million, ties the company’s borrowing costs directly to sustainability targets, a structure still relatively uncommon … Read more