Dubai World is expected to sign off its debt-restructuring deal with creditors in February or March at the latest, Chief Executive Officer of Shuaa Capital said on Sunday.
“The debt restructuring deal is finalised but the signing off is expected in February, March at the latest,” Sameer Al Ansari told reporters at a media roundtable in Dubai.
“The Dubai World template is a good precedent for future financial restructuring for both government and private companies,” Ansari said. He said the company was not asked to sell assets to help its controlling shareholder Dubai Banking Group, which is restructuring debt.
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