AGPC signs $185m loan agreement
Deal signed with Japanese, Emirati banks
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1 MIN READ
Abu Dhabi: Al Gharbia Pipe Company announced it has signed a loan agreement with a consortium of Japanese and Emirati banks totalling $185 million.
The loan will finance the manufacturing and sales business of large diameter, high-quality sour grade steel pipes for oil and gas pipelines, with a production capacity of up to 240,000 tonnes per year.
The co-financiers are the Japan Bank for International Cooperation, Sumitomo Mitsui Banking Corporation, Mizuho Bank, and National Bank of Abu Dhabi.
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