Monday 26 March 2018

UPDATE 1-UAE's DXB Entertainments expects brighter 2018

UPDATE 1-UAE's DXB Entertainments expects brighter 2018:

"DXB Entertainments is expecting an improved 2018 after reporting a 1.12 billion dirham ($305 million) loss for last year, the CEO of the Dubai-based theme park operator told Reuters on Monday.

The company also announced it had reached a deal with banks to restructure 4.2 billion dirhams in debt and had received fresh funding from its majority shareholder, Meraas Holding, a Dubai government-linked developer.

DXB Entertainments owns Dubai Parks and Resorts, a group of theme-parks in the south of Dubai including the Hollywood-inspired theme park Motiongate and a Lego-themed water park."



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