AED definition
Examples of AED in a sentence
H The Company was incorporated by Xxxxxx on 17 January 2022 with a Share Capital of AED 1,000,000 divided into 1,000 Shares of AED1,000 each (the "Initial Shares").
On 19 September 2022, (i) the Initial Shares were acquired by Xxxxxx XXX for a consideration of AED1 and (ii) the Share Capital of the Company was increased to AED 3,670,000 with 2,670 Shares (the “Additional Shares”) issued to Xxxxxx XXX.
The Lenders have agreed to make available to the Borrower a term loan facility of USD 175,000,000 and a term loan facility of AED 8,171,312,500 to finance the development and operation of a luxury integrated resort comprising beachfront property, 1500+ rooms, a commercial gaming area, and other amenities including food and beverage, retail, and entertainment spaces to be developed on Al Marjan Island, Ras Al Khaimah, United Arab Emirates.