Abu Dhabi Commercial Bank (ADCB) has settled a $107.13-million legal claim it filed against indebted Zabeel Investments, which is owned by the crown price of Dubai, two sources said.
ADCB sued last month saying Zabeel, which has hospitality, property and private equity assets, had failed to meet repayment obligations. The case was filed in the Dubai International Financial Centre's (DIFC) court.
"They settled the full amount that they filed for at the DIFC," said one source familiar with the matter who spoke on condition of anonymity.
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