Dubai's Empower will refinance Dh2.75 billion loan
Dubai district cooling firm to enter new 3-year refinance deal
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Dubai: Empower has become the second major listed UAE company to confirm it is going for a refinancing, and make good use of the interest rate cut scenario that is happening.
The Dubai district cooling company will be entering a new 3-year unsecured loan facility to refinance Dh2.75 billion.
Earlier, the AD Ports Group had also decided the time was right for such a refinance, and citing the US Fed rate cut as a factor in its decision.