UPP
UPP
2.93%
0.42
0.01
UPP
RAK Insurance
RAKNIC
-10.00%
2.70
-0.30
RAKNIC
Ajman Bank
AJMANBANK
-0.54%
1.85
-0.01
AJMANBANK
Dubai-Mubasher: Union Properties (UP) signed an AED 290 million project finance facility for the construction of Oia Residence.
Ajman Bank and National Bank of Ras Al-Khaimah (Rakbank) acted as joint lead managers for the transaction, while Alpen Capital (ME) Limited was the sole financial advisor to UP.
Situated in Motor City, the project will cost a total of around AED 450 million.
UP’s stock tose 0.4% to AED 0.7, with a turnover of AED 586,670 generated from the exchange of 830,140 shares.
Source:
Mubasher