"Dubai Holding is expected to successfully conclude the restructuring of the Dh36.7 billion ($10 billion) debts owed to its subsidiary Dubai Group with a number of creditors, as it awaits creditors’ response on the deal.
“I am happy to announce that the issue of restructuring the liabilities of $10 billion with the creditors attached to Dubai Group is almost behind us,” Ahmad Bin Byat, Chief Executive of Dubai Holding, told Gulf News in an exclusive interview.
Dubai Group has sent its offer to the creditors who are expected to respond in the next few weeks."
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