Friday 17 December 2010

Emaar Says Has Better, Viable Options on Amlak Finance - BusinessWeek

Emaar Properties PJSC, the United Arab Emirates’ biggest property developer, said it identified “better and viable” options than converting debt into equity in Amlak Finance PJSC.

The option are being discussed with a committee that’s restructuring Amlak, Emaar said in a statement to the Dubai bourse today. It didn’t give further details.

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