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Mashreq Bank secures AED150 million financing for Omniyat

2019-03-26 15:15:10 GMT (Economies.com)
 

Property developer Omniyat announced that it recently secured a financing of AED 150 million from DFM-listed Mashreq Bank.

 

The company said it will utilize the financing in the fit-out of its premier ME Dubai hotel based in The Opus by Zaha Hadid in Downtown Dubai.

 

The landmark hotel will be operated by the lifestyle hotel brand ME by Meliá. The internal works will prevail outstanding benchmarks worldwide to meet the distinct needs of future guests.

 

Mashreq Bank earlier reported a rise by 0.4% in net profit for the fiscal year 2018 to AED 2.06 billion net profit, compared with AED 2.05 billion net profit a year earlier.

 
 
 
  Symbol Last Change Chg.%
1.1817
0.0107
0.9116%
1.3075
0.0060
0.4591%
Tadawul
7499.97
10.08
0.13%
28.067
3.820
15.755%
41.425
0.990
2.448%
44.60
-0.46
1.02%
2054.805
85.450
4.339%
 
 
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