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Abu Dhabi Islamic Bank inks $2b debt overhaul agreement

Abu Dhabi Islamic Bank, the second-biggest Sharia-compliant lender in the United Arab Emirates, agreed a $2 billion debt overhaul with mortgage company Amlak Finance its chief executive officer said. ADIB, part of a six-member creditor committee negotiating Amlak's restructuring, signed a tentative agreement that's "being considered by the decision-makers on…

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Click here to read the full story: Times of Oman

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