Adex signs $235m syndicated loan deal for Trafigura’s trade with UAE
ABU DHABI/WAM The Abu Dhabi Exports Office (ADEX) has signed a $235 million (AED863 million) syndicated loan agreement with Japan’s Sumitomo Mitsui Banking Corporation (SMBC) and Commercial Bank of Dubai (CBD) to support Trafigura, a market leader in the global commodities industry, to acquire commodities originating from the UAE. The agreement, which comes as a strategic move to empower UAE ...
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