Tamouh completes Dh600m financing deal

Abu Dhabi: Tamouh Investments, an Abu Dhabi-based real estate developer, announced the completion of a Dh600 million financing deal to fund the final phase of the construction of Tamouh’s Horizon Towers on Reem Island.

Macquarie Capital Middle East acted as a sole financial adviser to Tamouh on the financing, while Abu Dhabi Islamic Bank (ADIB) and Abu Dhabi Commercial Bank (ADCB) provided financing for the seven-year project.

The project was launched in April 2015, and is expected to be completed by the end of March 2017.