ADIB finances Dafzas expansion
07 Mar 2013 05:26 GMT
 

Wednesday, Mar 06, 2013

Dubai: Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic Finance institution, announced on Wednesday that i (more)

Wednesday, Mar 06, 2013

Dubai: Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic Finance institution, announced on Wednesday that it had signed an agreement to provide financing facilities for Dh500 million to Dubai Airport Freezone (DAFZA). The financing will be used to expand Dafza’s key offices buildings, business centre and food court which are due to be completed in 2015. The agreement was signed at Dafza’s headquarters by Dr Mohammad Al Zarouni, Director General of Dafza and Tirad Al Mahmoud, CEO of ADIB. “We are delighted to finance our expansion projects in an Islamic way which is in line with our commitment to support His Highness Shaikh Mohammad Bin Rashid Al Maktoum initiative to make Dubai the Global Capital of Islamic economy. The financial facility provided by ADIB would contribute to the implementation of a number of important projects that play an effective role in providing excellent service to our tenants,” said Dr Al Zarouni

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