Mergers & Acquisitions
Uncategorized
UAE’s Amlak in bank talks for $2bn restructure plan
Struggling UAE Islamic mortgage lender, 45 percent owned by Dubai’s Emaar Properties, is in talks to restructure around $2bn worth of bank and government debt, two banking sources told the Bloomberg News Agency. The firm’s total liabilities stood at nearly $3bn as of September 30, 2011, according to its earnings…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Arabian Business