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FINANCIAL NEWS
Dubai International Capital revamps operations
14 Jun 2010
(MENAFN) Dubai International Capital (DIC), the private equity arm of Dubai Holding, said that its board was dissolved in January to implement a new governance structure. The company is now under the supervision of its parent Dubai Holding, Reuters reported.
All sub-committees of the DIC board including investment and audit committees remain in place, the company said in a statement issued in Dubai.
Some of the assets in DIC’s portfolio included stakes in Almatis, a German aluminium company, Merlin Entertainments Group, Travelodge, Doncasters, Alliance Medical and Mauser in Germany.
DIC has an estimated $2.6 billion of debt maturing next year. Last month the company sought extension of $1.25 billion worth debt for three months.
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Empowering Success: BBK and BIBF honor 24 graduates of the BBK’s Women on Board Programme
16 Mar 2023
BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
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