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Fri 23 Dec 2011 12:15 PM

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DIFC Investments repays $200m Deutsche Bank loan

Investment arm of DIFC says repayment is evidence that it can meet debt obligations

DIFC Investments repays $200m Deutsche Bank loan
The investment arm of the Dubai International Financial Centre has repaid a $200m Deutsche Bank loan

DIFC Investments (DIFCI), the investment arm of the firm that runs Dubai's financial free zone, said on Friday it had repaid in full $200m to Deutsche Bank under the terms of a loan facility.

"The repayment is positive news, and is evidence of our commitment to meet our debt obligations as and when they fall due," Shahli Akram Juma, managing director of DIFCI, said in a statement sent to Reuters.

"We remain focused on progressing our plans regarding the Sukuk commitment and we are confident of achieving a successful conclusion."

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