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…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Times of Oman