Abu Dhabi Holding Company, which is owned by the government of Abu Dhabi in the United Arab Emirates, is in talks with banks in order to obtain bank financing.

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Sources told Reuters that the company is looking to obtain a loan of about 3 billion dollars.

The process aims to create a core group of banks that provide integrated banking services to the company.

Abu Dhabi Holding, which was established in 2018, operates a portfolio of more than 90 companies in various non-oil sectors of the Abu Dhabi economy.

The company has been active in the food sector since its announcement in March that it will acquire 50% of the Abu Dhabi-based Al-Dhahirah Agricultural Holding Company.