It is reported that the 'Farkei' group is owned by Indian billionaire Sani Farkei, founder of the 'James' educational group, which transformed from a school into a giant corporation over several years, attracting Brookfield Asset Management Limited as a major shareholder. The proceeds from the deal will be used to refinance capital, and discussions are ongoing, with no final decisions made yet. The group is in talks with several parties, including 'First Abu Dhabi Bank', 'Dubai Islamic Bank', and 'Synergy Capital', with the possibility of more funds joining the credit deal, which would increase the final value of the loan. The 'Farkei' group, based in Dubai, is negotiating to raise a loan of around $400 million.
