Tamouh completes Dh600m financing deal

Tamouh Investments, an Abu Dhabi-based real estate developer, announced the completion of a Dh600 million financing deal to fund the final phase of the construction of Tamouh’s Horizon Towers on Reem Island.

Macquarie Capital Middle East acted as a sole financial adviser to Tamouh on the financing, while Abu Dhabi Islamic Bank (ADIB) and Abu Dhabi Commercial Bank (ADCB) provided financing for the seven-year project.

The project was launched in April 2015, and is expected to be completed by the end of March 2017.

Source: Staff Report, gulfnews.com


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