ADCB Owed Total of $2.7 Billion by All Dubai World Entities

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Abu Dhabi Commercial Bank PJSC, the third-largest bank in the United Arab Emirates, has about $2.7 billion in outstanding loans to Dubai World entities, including those that aren’t affected by the company’s restructuring.

“This includes commitments to four or five different entities of Dubai World that are not involved in any restructuring,” Ala’a Eraiqat, the bank’s chief executive officer said in a telephone interview today. “Some of those entities have collateral and adequate cash-flows.”

ADCB may be owed $1.9 billion by Dubai World, making it the creditor with the largest exposure outside of Dubai, two people familiar with the companies said on Nov. 27. Eraiqat declined to comment on ADCB’s exposure to entities that are under restructuring.