22 January 2008
The Emirates Financial Towers (EFT) yesterday signed an agreement with Emirates Bank, the biggest banking group in the GCC by assets and the biggest banking group in the UAE by market capitalisation, to provide AED285 million worth of credit facilities, to finance the construction of its venture based in the Dubai International Financial Centre.
Hani Abu Auida, Chief Executive Officer of EFT and Majid Al Yousuf, Head of Corporate Banking at Emirates Bank, inked the pact.
The Emirates Financial Towers is a twin tower development consisting of 26 floors of Grade-A office space, retail offices, and residential units, with building costs reaching around AED600 million.
"Our strategic partnership with Emirates Bank will pave the way for long term relations as well as help implement our mutual vision in the development. Emirates Bank's involvement is evidence of the confidence major financial institutions have in our leading project," said Habi Abu Auida.
The Emirates Financial Towers (EFT) yesterday signed an agreement with Emirates Bank, the biggest banking group in the GCC by assets and the biggest banking group in the UAE by market capitalisation, to provide AED285 million worth of credit facilities, to finance the construction of its venture based in the Dubai International Financial Centre.
Hani Abu Auida, Chief Executive Officer of EFT and Majid Al Yousuf, Head of Corporate Banking at Emirates Bank, inked the pact.
The Emirates Financial Towers is a twin tower development consisting of 26 floors of Grade-A office space, retail offices, and residential units, with building costs reaching around AED600 million.
"Our strategic partnership with Emirates Bank will pave the way for long term relations as well as help implement our mutual vision in the development. Emirates Bank's involvement is evidence of the confidence major financial institutions have in our leading project," said Habi Abu Auida.
© Bahrain Tribune 2008
