Dubai's TECOM Group talks to banks about 1 bln dirhams loan

February 25, 2016 3:35 PM

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DUBAI Feb 25 TECOM Group, a business park operator with a major role in developing Dubai's economy, is in the market for a syndicated loan of up to 1 billion dirhams ($272 million), banking sources said on Thursday.

The company, a unit of sovereign investment vehicle Dubai Holding, was looking for funding with a 10 year lifespan to finance building projects in its business parks, two of the sources said.

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