The state-owned Dubai World will sign a final deal with its creditors to restructure around $25 billion of debt next week, Chairman Shaikh Ahmed bin Saeed Al Maktoum said.
The final agreement for the restructuring will be signed within a week, Shaikh Ahmed told reporters at the ground-breaking ceremony of Standard Chartered’s new headquarters in Dubai on Wednesday.
He further said that he did not think that the group had been affected by recent turmoil across the Middle East and North Africa. There is no pressure on the company to sell its assets, he added.
No comments:
Post a Comment