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The financing consists of a long-term loan of AED 375 million, to be repaid over 8 years, and a short-term loan valued at AED 100 million, according to a stock exchange filing on Wednesday.
Emirates National Factory is a UAE-based fully-owned subsidiary of Saudi Printing.
The subsidiary will use the long-term facility in early settlement of outstanding facilities with other banks in the UAE valued at AED 275 million and in financing capital projects worth AED 100 million.
The short-term loan will be used in financing the working capital.
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