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FINANCIAL NEWS
Dubai Group to ink debt-restructuring deal in 6 weeks
12 May 2013
(MENAFN) Dubai Holding’s CEO, Ahmad Bin Byat, announced that the USD10 billion debt restructuring of the company’s unit Dubai Group is projected to take place in 6 weeks, reported Emirates 24/7.
Byat said that following the restructuring agreement; the company will become an independent one.
The restructuring proposal comprises asset sales, even though the company, which owns part of Borse Dubai that owns 20.6 percent of the London Stock Exchange, does not expect to sell any of its major assets in 2013.
It is worth noting that following the restructuring; the board of Dubai Group will include representatives from creditor banks and shareholders, in addition to independent members.
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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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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