Waha signs financing to develop Almarkaz industrial real estate project
Waha Land, a wholly owned unit of Waha Capital, signed a AED426 mn financing package with Emirates Islamic Bank (a subsidiary of Emirates NBD) for development of stage 2 of its Almarkaz light industrial real estate project. The project is located 25km south of Abu Dhabi city. (Bloomberg) Emirates NBD: AED8.40 as of 22 June 2016, Rating: Buy, FV: AED10.00 per share, MCap: USD12,721mn, EMIRATES UH / ENBD.DU
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