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FINANCIAL NEWS
UAE’s Al Jaber to raise USD1.6bn from asset sale
04 Jul 2016
(MENAFN) UAE- Al Jaber group has almost doubled the amount of cash in order to raise from asset sales involving real estate and shares under a new debt repayment plan.
Moreover, the group aims to raise USD1.4bn by selling assets involving real estate and shares by 2018, compared with USD748mn offered earlier.
The group needs to get an extra USD1.06bn after raising USD353mn from previous sales.
However, Abu Dhabi’s economic growth will slow to reach 1.5 percent this year, from 4.3 percent in 2015.
More News
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
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13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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