Friday, 23 December 2011

Dubal CEO: No immediate bond plans, open to M&A - Yahoo!

Dubai Aluminium (Dubal) has no immediate plans to issue bonds, its chief executive officer told Reuters on Thursday.
"For the time being, I don't see it. Maybe if things start to materialise on some of our projects then it's possible," Abdulla Kalban said on the sidelines on a conference.
Dubai's ruler issued a decree last month to help Dubal become more competitive by being able to engage in investments outside the country and issue bonds.

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