11.04.2023
Artikel Nummer: 44649
AD Ports Group: more funds than expected
The AD Ports Group, a facilitator of global trade, logistics, and industry based in Abu Dhabi, has signed a general corporate facility agreement with a syndicate of thirteen regional and international banks.
The funding amounted to 3.7 times more than what was foreseen by Captain Mohamed Juma Al Shamisi, managing director and group CEO of the AD Ports Group. For him, it shows the confidence that banks have in the group's work and projects.
The AD Ports Group now has a funding of USD 7.4 billion in total, which includes three tranches amounting to EUR 600 million, USD 620 million, and AED 2,863 million, with a tenure of up to 2.5 years. (lh)