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Abu Dhabi's Ta'ziz raises $1.39bn for two Ruwais projects

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The National
“Abu Dhabi's Ta'ziz raises $1.39bn for two Ruwais projects”

Abu Dhabi's Ta'ziz has raised $1.39 billion for two projects in Ruwais, with both transactions oversubscribed as the emirate's industrial growth strategy progresses . The terminal project raised more than $928 million, including $225 million of Islamic financing, while over $460 million has been raised for the ammonia project, the company said in a statement on Wednesday. The terminal project, a joint venture between Adnoc and Advario Star Energy, will serve as the primary logistics gateway for…

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