We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

Dubai’s du repays $817 mln syndicated loan

Du fully repays $817 mln facility; Telecoms firm uses cash and other facilities to repay debt; du shares rise 1 pct in early Dubai trade - Reuters


July 3, 2011 10:50 by

Dubai’s du has fully repaid a 3 billion dirhams ($816.8 million) syndicated loan facility, the telecoms carrier said in a statement on Sunday.

Du, which ended rival Etisalat’s domestic monopoly in 2007, used a “combination of existing financing facilities and cash” to repay the syndicate of 16 banks, it said in a bourse statement. The three-year facility was set up in 2008 and matured on June 30.

On June 7, du said it had closed a $220 million three-year refinancing facility and this would in part be used to pay off the maturing facility.

At March-end, du had 4.6 million mobile subscribers, it said, while the UAE total was 11.07 million, according to the Telecommunications Regulatory Authority (TRA) website, giving du a 42 percent market share.

Mobile penetration in the UAE was 197 percent as of the end of March, the TRA website says.
Du shares rose 1 percent on the Dubai stock exchange. (Reporting by Matt Smith; Editing by Dinesh Nair)


Leave a Comment