The chief operating officer of Dubai Group, part of a conglomerate owned by Dubai's ruler which is restructuring $10 billion of debt, has left the company, a source familiar with the matter said on Monday.
Abdulrazaq Aljassim had been involved in talks with bank lenders who are owed $6bn by the company, the financial services arm of Dubai Holding.
The remaining $4bn relates to other debt, such as direct shareholder loans to the firm. Interest payments have been suspended pending an agreement.
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