Dubai mortgage lender Amlak renegotiates part of 2014 debt deal

Wednesday, January 4- 2017 at 06:46

* Amlak reached restructuring deal following government cash injection and six years of negotiations * “Super majority” of creditors have formally approved new business plan * Changes will be in full compliance with central bank rules for Islamic finance companies Dubai’s Amlak Finance said on Tuesday that it had renegotiated parts of a debt restructuring […]

News provided by