“National Fujairah” leads a joint financing deal

The National Bank of Fujairah announced yesterday the leadership of the arrangement of a joint financing deal and the closure of it in one currency and a certificate of $ 100 million, to finance the construction work of the “clinker” production unit in the interest of the “Pure of OMS” company, and a production capacity of 6500 tons per day, in addition to a power station that relies on the mechanism of the heat recovery of 8.5 MW, and the bank stated that the total cost of the project is reached 135.97 million dollars, as financing will contribute to the purchase of equipment and fixed assets.

“The deal reflects the bank’s ability to organize and accomplish complex joint financing deals, which contributes to advancing business growth and industrial development,” said Adnan Anwar, CEO of Fujairah National Bank.