
The successful issuing of US$300mn by parent company SENAAT has strengthened the position and ability of Emirates Steel to complete a loan refinance by obtaining preferential refinancing options based on a Sharia-compliant financing instrument. (Image source: Emirates Steel)
The UAE?s only integrated steel plant Emirates Steel has finalised a significant loan refinancing deal that will enable the company to accelerate deleveraging, increase financial flexibility, simplify its debt structure and fund its growth plans