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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Dubai extends support fund access to more firms

Posted on 02 May 2011

A support fund set up to help Dubai’s state-linked entities at the height of its debt crisis can now extend loans to more firms, if needed, according to an official decree. The Dubai Financial Support Fund (DFSF), set up in 2009 to disburse proceeds from a $20 billion sovereign bond program to state-linked firms, can give grant loans and credit facilities to government and non-government entities alike.
The decree was posted on Sheikh Mohammed bin Rashid Al-Maktoum’s website and is effective from March 17……………………………………….Full Article: Source


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