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FINANCIAL NEWS
Al Jaber may sell assets for debt restructuring
18 Apr 2011
(MENAFN) Al Jaber Group stated that it is reviewing the impact of selling some of its assets in an attempt to restructure some of the company’s debt, reported The National.
The company said that in addition to property, it is looking into selling a heavy lift business in Singapore.
The company had already started debt restructuring negotiations with a number of commercial banks back in January.
This comes shortly after the company’s COO said that the company does not expect much growth in 2011 in the UAE.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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