Islamic Finance
Regulation, Risk & Compliance
Uncategorized
Dubai Bank Wins Right to Swap Abraaj Debt for Fund Stakes
Noor Bank PJSC, which provided a $100 million loan to the collapsed Abraaj Group, won the right to swap the debt for stakes in some of the Dubai-based buyout firm’s funds, according to people with knowledge of the matter. Privately-held Noor Bank won approval from a court in the Cayman…
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Click here to read the full story: Bloomberg