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Sharjah developer secures $270m funding for mega project

Sharjah developer ARADA on Thursday said it has secured a syndicated loan of AED1 billion ($270 million) from two major UAE banks to help finance the development of its mixed-use megaproject, Aljada. The Islamic facility was arranged with Abu Dhabi Commercial Bank (ADCB) and Dubai Islamic Bank as joint mandated…

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Click here to read the full story: Arabian Business

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