DHOG repays full $250m loan to BNP Paribas

Dubai: Dubai Holding Commercial Operations Group (DHOG), the holding company of Dubai Holding's property, business parks, and hospitality verticals, yesterday said it had repaid in full a $250 million (Dh918 million) loan to BNP Paribas.

The bilateral loan, taken out as a general corporate facility, was repaid on the maturity date. Yesterday's announcement comes less than a week after Dubai Holding said it had paid back in full a $300 million loan belonging to its Sama Dubai property unit.

Dubai Holding was launched in October 2004 to consolidate the various large-scale infrastructure and investment projects in Dubai, as well as to identify opportunities to develop future major projects that will benefit the UAE and the region. The company has been created with the goal of providing a better future for all through the range of life-improving industries it is involved in.