Dubai Holding Commercial Operations Group repays $250m loan

DUBAI, 12 October 2009: Dubai Holding Commercial Operations Group (DHOG), the holding company of Dubai Holding's property, business parks, and hospitality verticals, announced today it had repaid in full a $250m loan to BNP Paribas. The bilateral loan, taken out as a general corporate facility, was repaid on the maturity date.

The recent announcement comes less than a week after Dubai Holding said it had paid back in full a $300m loan belonging to its Sama Dubai property unit.