Monday 12 April 2010
Dubai World Creditors to Respond to Proposal in Weeks, ADCB Says
Dubai World’s creditors will respond to a proposal to restructure $24.8 billion in debt within weeks, Abu Dhabi Commercial Bank PJSC’s Chief Executive Officer Ala’a Eraiqat said in Abu Dhabi today.
Abu Dhabi Commercial Bank is assessing the implications of Dubai World’s proposals on the lender’s provisions, he said.END
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