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Sovereign Wealth Funds Briefing - Categorized | Financials

Dubai investment arm’s holdings total $70bln

Posted on 13 June 2011

The Investment Corporation of Dubai (ICD) owns 23 billion dirhams ($6.26 billion) in listed assets and 235.8 billion dirhams in unlisted companies, a government prospectus showed on Sunday.

Dubai’s investment arm agreed in May to a $2.8 billion, five-year loan refinancing with banks which will be the largest loan to emerge from Dubai since its financial crisis……………………………………….Full Article: Source


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