Indebted Zabeel Investments, which is owned by Dubai's crown prince, has reached a $956-million debt deal with lenders, according to al-Khaleej newspaper on Thursday.
The Arabic-language daily, citing an unnamed senior banking source, did not give further details on the agreement which it said was for more than 3.5 billion UAE dirhams ($952.90 million) in bank debt.
"Zabeel Investments has succeeded in settling its debt," the newspaper quoted the source as saying.
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