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Dubai’s Amlak Finance offers lenders new deal to restructure $1.7bn debt
The Dubai-based company part-owned by Emaar Properties met lenders last month to present the deal, a spokesman confirmed in an e-mailed response to questions. If the deal is agreed, Amlak will make an initial 20 per cent down-payment to depositors worth about Dh2bn the spokesman said. The remaining debt to…
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