Compass offers a powerful inferencing platform with APIs
tech2 hours ago
The Emirates Central Cooling Systems Corporation (Empower) on Tuesday announced that it has prepaid three loan installments of $157.5 million (Dh580 million) prior to their maturity.
With these prepayments and payment of DIB facility of $128 million, Empower has fully settled its term loan facilities for a total amount of $728 million (Dh2.67 billion) and the company will have zero debt on its books at the end of the year.
"We have pre-paid the loan facility installments two years prior to its final maturity. This reflects the robustness and sustainability of our business model and our prudent financial strategy that is paying off significantly," Ahmad bin Shafar, chief executive officer of Empower, said.
He said Empower has prepaid its loan installments in the past as well under bilateral and syndicated loan facilities.
- business@khaleejtimes.com
Compass offers a powerful inferencing platform with APIs
tech2 hours ago
The Dubai Cares report, released after two years of consultation with experts, has called for integration of education and climate change
uae3 hours ago
It’s a strategic move for businesses striving to remain competitive
tech3 hours ago
Mikel Arteta's Arsenal have finished second to City in the Premier League for the past two seasons
football3 hours ago
Arsenal would have gone top of the table with a first league win at The Etihad since 2015
football4 hours ago
She withdrew from the Paris Olympics due to bronchitis and pulled out of the US Open in August due to a lower back injury
tennis4 hours ago
Jayasuriya (5-68) claimed his eighth five-wicket haul, seven of them coming at his happy hunting ground in Galle alone
cricket4 hours ago
Milestone 25th anniversary of women's tournament in Dubai to get under way on February 16, with men's event scheduled for following week
tennis4 hours ago