Business | Banking
BoB arranges Dh300m loan for realtor
Bank of Baroda (BoB), Dubai has arranged a syndicated term loan facility of Dh300 million for real estate developer Sheffield Holdings's project at Dubai Marina.
- Staff Report
- Published: 23:29 February 24, 2008
Dubai: Bank of Baroda (BoB), Dubai has arranged a syndicated term loan facility of Dh300 million for real estate developer Sheffield Holdings's project at Dubai Marina.
Other banks also participated in the term loan facility.
BoB has also started a special syndication centre in Dubai. The centre arranges/underwrites loans for big corporates to meet their funding requirements. It also offers various advisory and consultancy services.
The bank has recently started a unit to provide loans to small and medium-scale enterprises.
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