Dubai Group, part of a conglomerate owned by the emirate's ruler, may take longer than expected to reach an agreement with its lenders on a debt deal, a senior banker involved in the talks said on Monday.
"It is taking a bit more time," Hussain al Qemzi, the chief executive of Noor Islamic Bank told Reuters in an interview on the sidelines of a conference.
The company is restructuring about $10 billion in debt with its creditors that comprised of about $6 billion in bank debt already disclosed, a source close to the discussions told Reuters in April.
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