13.04.2011 - Noor Islamic sees debt deal for Dubai Group by July
Dubai Group LLC's $6 billion (Dh22.02 billion) debt restructuring is in the final stages of negotiations and an accord is expected to be signed before the end of June, said the chief executive officer of Noor Islamic Bank PJSC. An agreement is expected to include loan extensions and full payment of the principal amount, Hussain Al Qemzi told reporters in Dubai yesterday. Noor Islamic is on a committee of banks that is negotiating the deal with Dubai Group..............................................Full Article: Source
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