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Qatar : UDC declares renewal of $210m credit facility agreement

August 27, 2014

The United Development Company, a Qatar's real estate developer, has renewed a US$ 210 Million credit facility agreement with a group of banks through its agent the Commercial Bank of Qatar.

UDC is authorising its Managing Director to take the necessary procedure for that purpose. The deal has been extended for another three years.

The decision comes after the recommendations of UDC's finance department to renew the credit facility which came to end on August 21.

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Source: TendersInfo (India)

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