ABU DHABI, 20th September, 2024 (WAM) -- AD Ports Group has signed agreements with two UAE banks to refinance its syndicated loan of US$2.25 billion at more favourable terms, which would enable the Group to save up to AED44 million (US$12 million) in finance costs over the next 12 months.

The new facilities will give the Group flexibility to optimally time its return to the debt capital markets in line with its s