BoB arranges Dh300m loan for realtor

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.