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News Sumitomo Mitsui Banking Corporation provides credit facility for UltraTech Cement Middle East Investments

Sumitomo Mitsui Banking Corporation provides credit facility for UltraTech Cement Middle East Investments

Written by Global Cement staff 05 January 2024
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UAE: India-based UltraTech Cement has issued a guarantee of US$147m in favour of the Singapore branch of Sumitomo Mitsui Banking Corporation. Reuters has reported that the guarantee is for a credit facility in favour of the producer’s UAE subsidiary UltraTech Cement Middle East Investments.

UltraTech Cement Middle East Investments obtained a majority stake in Duqm Cement in Oman in 2023.

Last modified on 10 January 2024
Published in Global Cement News
Tagged under
  • UAE
  • UltraTech Cement
  • UltraTech Cement Middle East Investments
  • Cement Middle East Investments
  • Oman
  • Sumitomo Mitsui Banking
  • Finance
  • Loan
  • Duqm Cement
  • GCW641
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