UAE: Al Ahli Holding Group acquires USD340m for expansion project


(MENAFN) Al Ahli Holding Group has acquired a $340.3 million Islamic club funding for its Dubai Outlet Mall development plan.

The expansion project for Dubai Outlet Mall is set for completion in 2019 last quarter.

It is to extend three million square feet to its current 1.1 million square feet, turning it into the most leading outlet malls around the globe.

Al Ahli Holding Group CEO declared "securing a finance facility from leading banks like Dubai Islamic Bank, Ajman Bank, Al Hilal Bank and Noor Bank is a significant testament to the confidence in the project and Al Ahli Holding Group capabilities."

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