Dubai World makes second early repayment worth $300m to creditors | Arab News — Saudi Arabia News, Middle East News, Opinion, Economy and more.

Dubai World makes second early repayment worth $300m to creditors | Arab News — Saudi Arabia News, Middle East News, Opinion, Economy and more.:



"Dubai World, one of the emirate’s big state-owned conglomerates, has made a second early repayment worth around $300 million under its $25 billion debt restructuring plan, sources familiar with the matter said.



The payment — made at the end of June — came from the proceeds of asset sales completed by the firm and follows an initial sum of $284.5 million returned in March to creditors, which include dozens of local and international lenders.



A spokesman for Dubai World declined to comment."



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