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Islamic Finance Briefing - Categorized | Finance, Financial Instruments (Credit Cards, Debts, Loans, Mort more

Dubai Holding said to have $12bln debt, seeking roll over

Posted on 11 May 2010

From Arabianbusiness.com: Dubai Holding, a company owned by Dubai ruler Sheikh Mohammed Bin Rashid Al Maktoum, and its units owe banks $12 billion and have begun talks to roll over some of the loans, a person with knowledge of the matter said.
Almost three fourths of the loans have been racked up by Dubai Holding’s two investment companies, Dubai Group and Dubai International Capital, said the person, declining to be identified because the information is private……………………………………….Full Article: Source

 
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