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UAE's Al Hamra Real Estate gets $230 mln financing

Al Hamra Real Estate Development, based in the emirate of Ras Al Khaimah, has obtained an 850 million dirham ($230 million) financing facility from international and local banks led by Goldman Sachs, the developer said on Monday. The privately owned firm said the seven-year facility would be used to refinance…

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Click here to read the full story: Reuters

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