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Sovereign Wealth Funds Briefing - Categorized | Financials

Dubai Holding unit delays loan repayment again

Posted on 08 September 2010

From Reuters: Dubai Holding’s main unit will delay repayment on a $555 million loan until November 30, the second time it has failed to meet a repayment deadline.
Dubai Holding, one of the emirate’s three state-owned firms along with troubled conglomerate Dubai World and Investment Corporation of Dubai, has debt obligations estimated at $14.8 billion out of a total $109 billion owed by the government of Dubai and its related entities……………………………………….Full Article: Source


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