ZAWYA: UAE developer Arada secures $100mln sustainability-linked Islamic loan with FAB
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UAE developer Arada has secured a $100 million sustainability-linked Islamic loan from First Abu Dhabi Bank (FAB), guaranteed by Italy’s export credit agency SACE. This five-year financing aligns with Arada's green investment goals and will support general corporate purposes and future project development. Arada has raised over $1.5 billion in debt through sukuk issuances since 2022, with a recent $450 million raise in September.
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