DUBAI: Sanad Aero Solutions, a unit of Abu Dhabi state fund Mubadala, has raised a $90 million (Dh330 million) loan to expand its spare engine and components offering, the company said on Monday. Abu Dhabi National Leasing, the wholly-owned lease financing arm of National Bank of Abu Dhabi, Bank of America-Merrill Lynch and First Gulf Bank participated in the club deal, the company said in a statement. The transaction will increase the company’s total borrowing to $600 million, it added.
UAE aviation firm Sanad Aero raises $90m loan
The transaction will increase the company’s total borrowing to $600 million