DIB repays Tamweel liabilities 2 years ahead of maturity | GulfNews.com:
"Dubai Islamic Bank (DIB) announced on Wednesday it had settled all bilateral liabilities of Tamweel two years ahead of scheduled maturity.
In a press release the Dubai bank said it had settled approximately Dh4 billion of Dubai-based real estate developers liabilities.
“This move is a key milestone in bringing us closer towards the culmination of our strategy for Tamweel” Dr. Adnan Chilwan, CEO at Dubai Islamic Bank, stated.
The bank stated that robust capitalisation and ample liquidity was the reason behind the early repayment."
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