Dubai Holding Commercial Operations Group Repays $250m Loan

Dubai: October 12, 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 US $250 million loan to BNP Paribas.

The bilateral loan, taken out as a general corporate facility, was repaid on the maturity date.

Today’s announcement comes less than a week after Dubai Holding said it had paid back in full a $300 million loan belonging to its Sama Dubai property unit.

Notes to Editors

About Dubai Holding

Dubai Holding was launched in October 2004 to consolidate the various large-scale infrastructure and investment projects in Dubai, as well as to identify opportunities to develop future major projects that will benefit the UAE and the region.

The company has been created with the goal of providing a better future for all through the range of life-improving industries it is involved in. Each Dubai Holding operating company focuses on key areas which dynamically support the development of Dubai as a world-leading hub for commerce, leisure and finance.

Under its slogan: “for the good of tomorrow” Dubai Holding has created a strong presence in 13 various industries by developing pioneering initiatives spanning numerous sectors including Finance, Real Estate, Technology, Hospitality, Energy, Healthcare, Aerospace, Communication, Industrial Manufacturing, Biotechnology, Education, Leisure & Entertainment, and Telecommunication.

Dubai Holding’s seven member companies are: Jumeirah Group, TECOM Investments, Dubai Group, Dubai Properties Group, Tatweer, Sama Dubai, and Dubai International Capital. Through these companies Dubai Holding has a foothold in four continents with more than 250 companies and around 16, 000 employees.

The seven members have initiated, launched, and manage companies in different sectors. These companies include: Jumeirah Living, Jumeirah Essex House , Wild Wadi,  Dubai Internet City, Dubai Media City, Dubai Knowledge Village, Dubai investment Group, Noor Islamic Bank, Borse Dubai, Dubai Properties, Injaz, Salwan Properties Management, Dubai Healthcare City, Universal Studios Dubailand, The Tiger Woods Dubai, Dubai Towers, Salam resort brand, Dubai International Capital Global Equity, and Dubai International Capital Private Equity.

For more information, please visit www.dubaiholding.com

Media Enquiries:
Malcolm Ward
JiWin PR
+971506246539
Malcolm.ward@jiwin.ae