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Islamic Finance Briefing - Categorized | Finance, Market Moves more

Dubai Group in debt talks

Posted on 12 November 2010

From Gulfnews.com: Dubai Group, an investment conglomerate that is part of Dubai Holding, is initiating talks with creditors after it missed an interest payment last month on a $33 million (Dh121.11 million) loan.
The five-year loan, which matures on December 13, 2011, was used to fund Dubai Group’s acquisition of a 49 per cent stake in Bank Islam Malaysia. Bank Islam earlier this year said Dubai Group was trying to sell the stake……………………………………….Full Article: Source

 
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