DIFC Investments repays $200m loan

DIFC Investments, the investment arm of the Dubai International Financial Centre (DIFC), on Friday said that it had repaid $200 million (Dh734 million) to Deutsche Bank, a press statement said on Friday.

In announcing the repayment, Shahli Akram Juma, Managing Director of DIFCI, said: “The repayment is positive news, and is evidence of our commitment to meet our debt obligations as and when they fall due. We remain focused on progressing our plans regarding the Sukuk commitment and we are confident of achieving a successful conclusion.’

The loan facility is a multicurrency term and revolving facility agreement between DIFC Investment and Deutsche Bank Luxemburg being the Agent.

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