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Aabar breaks ground on mixed-use tower (Khaleej Times - 24/07/2012)

A subsidiary of International Petroleum Investment Company, or IPIC, Aabar Properties, has started building its mixed use multi-storey tower at Najmat Abu Dhabi on Al Reem Island. Situated at Najmat Marina promenade, the project will offer upon

MMG signs SR 450 million loan deal with local banks (Arab News - 02/07/2012)

The Dammam-based Mohammad Al-Mojil Group (MMG) has signed a new credit facility agreement worth SR 450 million with seven local banks. At a ceremony in Riyadh on Saturday, MMG and seven banks inked the agreement that will help the company in maintaining

Saudi’s MMG inks $120m loan (Reuters - 01/07/2012)

Saudi construction firm Mohammad Al Mojil Group (MMG) signed a SR450 million ($120 million) loan to help support its balance sheet, it said in a statement on Sunday. The loan will "support the solvency of the company and its operations," a statement to

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