ADIB provides Dh1 billion finance facility to BIDC

Abu Dhabi Islamic Bank (ADIB) has finalised a Dh1 billion finance facility to Baniyas Investment & Development Company (BIDC), the investment arm of Bani Yas Sports Club.

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Published: Tue 16 Dec 2014, 11:08 PM

Last updated: Tue 7 Apr 2015, 10:11 PM

The transaction is to refinance BIDC’s existing conventional financing that was secured against the construction of Bawabat Al Sharq Mall, as well as part of the residential apartments and villas that were constructed in Phase 1 of BIDC’s Bawabat Al Sharq Development in Abu Dhabi.


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