Abu Dhabi – Mubasher: Senior officials from Union National Bank (UNB) and Ducab Group have met to review the latest updates on their Islamic finance partnership, according to a press release.
By this partnership, the bank will grant Ducab Group a loan worth AED 350 million.
The financial commitment from UNB was allocated to Dubai Cable Co. (Ducab), Ducab HV and the upcoming Ducab Aluminium Company, the statement indicated.
Ducab is an UAE-based company founded in 1979 specialised in power cables and materials with a production capacity amounting to 115,000 tonnes annually.
