Double Olympic Gold Medalist Aims to Inspire the Next Generation of Sailors as she makes her debut for Mubadala Brazil SailGP Team
lifestyle52 minutes ago
Saeed Al Hajiri said ADCB underwrote $125 million of $162 million to finance the expansion of the GMR Hyderabad International Airport expansion.
“The transaction is an important step in the continued efforts of the bank to diversify into strategically important markets like India and in the area of infrastructure,” Al Hajiri told Reuters.
“There are huge opportunities for infrastructure financing in the Indian market and we will assess them. We could easily exceed over one billion dirhams in financing such projects this year.”
ADCB was the single largest lender and only foreign bank in the $162 million transaction where two Indian banks also participated, he said.
Earlier, ADCB financed a build-own-transfer (BOT) road project in India, underwriting $55 million.
Ervin Knox, CEO of ADCB, told Reuters that there are major flows between India and Abu Dhabi and the bank also plans to enter the asset management business in India.
“The bank is looking at exposures in quite a few deals in sectors like steel, oil and gas and infrastructure over the next six months. They are fairly big deals,” he said.
“Our strategic intent is to get into India and become active and build our exposure book.”
GMR Hyderabad International Airport Company, the project company will start repaying the dollar debt after two years of starting operations over a period of 14 years.
The airport expansion is scheduled for completion in March 2008.
Double Olympic Gold Medalist Aims to Inspire the Next Generation of Sailors as she makes her debut for Mubadala Brazil SailGP Team
lifestyle52 minutes ago
The 33-year-old needs just 71 more to overhaul Cook's 12,472 Test runs for England
cricket1 hour ago
The rematch will take place on December 21 in Riyadh, Saudi Arabia, with the WBC, WBO and WBA titles on the line
sports1 hour ago
Masdar’s clean energy capacity rose from 20GW in 2022 to 31.5GW in 2023
business1 hour ago
Pakistan captain Shan Masood said they knew how to neutralise England's aggressive style
cricket1 hour ago
With this, the number of drug-related killings in Marseille has risen to 17 since the start of the year
europe1 hour ago
The soon-to-be-introduced personal wearable smart tracking device from Samsung is designed to be your constant companion for all things health and fitness
tech1 hour ago
Find the UAE-based singer's original songs on Spotify and Apple Music
entertainment1 hour ago