19 Dec 2010
(MENAFN) A statement issued by Dubai International Capital (DIC) announced that it has reached an agreement with leading creditors to extend the terms on $2.5 billion worth of debt, giving it six more years to pay back $2 billion of the debt and four more years for another $500 million, AP reported.
However, the Dubai-based investment firm revealed that the agreement was reached only with lenders representing the bulk of the debt and must still be approved by smaller creditors, said the statement.
DIC is part of conglomerate Dubai Holding, and owns stakes in several companies, including medical imaging firm Alliance Medical, and British hotel chain Travelodge Group.
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more