Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Dubai World Creditors Accept Final Debt Proposal

2010-05-20

May 20 (Bloomberg) -- Dubai World’s creditors accepted a final offer from the state-owned holding company restructuring $14.2 billion of debt, Al Ittihad reported, citing unidentified sources.  Dubai World offered to pay 30 percent of the debt in five years and the rest in eight years, the newspaper reported. Dubai World is putting the “final touches” to the agreement which would offer pay 1 percent interest on loans on top of another 1 percent at maturity. The agreement would be announced in the “next few hours,” the newspaper said.  Dubai World, one of the emirate’s three main state-owned holding companies, and its property unit Nakheel PJSC are seeking to renegotiate terms on a combined $24.8 billion of liabilities after the global credit crunch battered Dubai’s real-estate market and left the emirate’s companies unable to raise loans to repay older debt. Dubai World asked its creditors on March 25 to roll over debt into two new five- and eight-year loans.  Nakheel is holding separate negotiations with its creditors, Al Ittihad reported.

 


 

2019-11-14
The PEX records average PE of 12.8x and average P/BV of 1.19x in 9M 2019

2019-11-11
The listed companies in the PEX achieves total net income of $232 million in 9M 2019

2019-11-07
Cross transactions in the last trading session of the week raise the trading value significantly

2019-11-06
JCC realizes net loss of JD0.36 million in 9M 2019

2019-11-06
QUDS posts net income of $8.24 million in 9M 2019

2019-11-06
AHC realizes net loss of JD0.94 million in 9M 2019

2019-11-06
PID realizes net loss of JD0.65 million in 9M 2019

2019-11-06
NIC posts net income of $4.83 million in 9M 2019

2019-11-06
JREI realizes net loss of $0.19 million in 9M 2019

2019-11-06
PALAQAR posts net income of JD0.15 million in 9M 2019

2019-11-06
NSC records net income of JD0.28 million in 9M 2019

2019-11-06
AIB posts net income of $6.52 million in 9M 2019

2019-11-06
RSR posts net income of JD0.17 million in 9M 2019

2019-11-06
ABRAJ posts net income of $0.38 million in 9M 2019

2019-11-06
TIC posts net income of $1.03 million in 9M 2019

2019-11-06
GUI records net income of $0.88 million in 9M 2019

2019-11-06
BOP posts net income of $33.92 million in 9M 2019

2019-11-06
PICO posts net income of $0.11 million in 9M 2019

2019-11-06
UCI posts net income of $0.69 million in 9M 2019

2019-11-06
PADICO posts net income of $23.76 million in 9M 2019

2019-11-06
JPH records net income of $2.76 million in 9M 2019

2019-11-06
OOREDOO realizes net loss of $0.71 million in 9M 2019

2019-11-06
PRICO realizes net loss of JD0.12 million in 9M 2019

2019-11-06
MIC reports net income of $0.81 million in 9M 2019

2019-11-06
PALTEL posts net income of JD46.14 million in 9M 2019

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013