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FINANCIAL NEWS
Dubai World repays USD284m to creditors
05 Mar 2014
(MENAFN) Dubai World has prepaid USD284.5 million to creditors under its USD25 billion debt restructuring plan, Arabian Business reported.
The group acquired the money for the repayment through asset sales, a source said.
Cash raised through asset sales over USD300 million is to be distributed to creditors as early repayments, the terms of the restructuring deal dictates.
More News
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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