RAK Hospitality Holding, a holding controlled by the government of Ras Al Khaimah, is in talks with banks for a debt financing, bankers said. The entertainment and hospitality group is considering both a loan and a bond issue which, according to the bankers, could be smaller than the AED880mn (USD240mn) debt issued by the company in May 2015. The company’s CEO Yannis Anagnostakis stated that RAK Hospitality is assessing how fund its expansion plans. No bank mandate has been awarded yet for the potential new debt transaction, bankers said. (Arabian Business)
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.