ADNH signs $440m loan to fund Emaar hotels

Abu Dhabi National Hotels (ADNH) and First Abu Dhabi Bank (FAB) have signed an AED 1.6 billion loan facility agreement. The agreement will provide ADNH with the financing capability to acquire a number of hotels from Emaar Properties. Sheikh Ahmed Mohammed Sultan Suroor Al Dhaheri, vice chairman of ADNH, and André Sayegh, deputy group CEO […]