Three Dubai Government-related companies that have a total of US$3.8 billion (Dh13.9bn) maturing next year may have to resort to state support to repay their debt, Moody's Investors Service warns.
Overall, Dubai companies face $10bn in repayments due next year but most is expected to be refinanced or repaid without difficulty.
The immediate concern surrounds debt coming due for Jebel Ali Free Zone (Jafza), Dubai International Financial Centre Investments (DIFCI), and Dubai Holding Commercial Operations Group (DHCOG), the private holding company owned by Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai.
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