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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market

Dubai World may offer equity stakes to creditors

Posted on 19 October 2009

From Kippreport.com: Government-owned Dubai World is considering offer its creditors equity stakes in a bid to cope with its $60 billion debt, reported Bloomberg on Thursday, citing sources close to the matter.

“We can consider selling part of our assets under the investment arm conditional that it has the right value, but we will definitely not embark upon any fire sale,” Jamal Majid Bin Thaniah, confirmed Dubai World’s CEO to the news agency…………..Full Article: Source

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