Amlak, an Islamic mortgage provider, will be subject for debt restructuring very soon, Minister of Economy, Sultan Saeed Al Mansouri, told media on Thursday.
“A full-scale restructuring of Amlak debt could be imminent following the settlement with creditors,” he said.
“A committee is trying to reach an agreement with creditor and restructuring process will start immediately after getting the final consensus,” Al Mansouri added.
Creditors mull Amlak debt proposal | GulfNews.com
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