Published: Jul 03, 2014
Source: Emirates 24|7


Email this story Print this page zoomin zoomout

Amlak proposes new restructuring deal for Dh10bn debt

Mortgage lender proposes to make an initial down payment of 20% and remaining debt over 12 years

Dubai mortgage lender Amlak has made a new proposal to creditors to restructure and extend repayments of about $2.7 billion (Dh10 billion) of debt.

The Shariah-compliant mortgage lender, in which Dubai's biggest developer Emaar Properties owns a 45 percent stake, proposed in June to make an initial down-payment of 20 per cent, or about Dh2 billion ($545 million), a company spokesman said in a statement -  By Reuters. Read more>>>

© Copyright - Emirates 24|7
comments powered by Disqus

Middle East Stock Markets

Index Last Change %Change
TASI 6,823.63 -107.29 -1.55%
ADI 4,653.48 -21.29 -0.46%
DFMGI 3,669.00 -9.45 -0.26%
QE 10,759.40 +17.40 0.16%
KSE 6,224.00 +1.17 0.02%
MSM30... 5,745.960 +1.910 0.03%
ASE... 2,173.44 +3.28 0.15%

Recent Analyst Actions  >>

Company Price Opinion
DXB Entertainments 1.90 Buy
Abdullah Al Othaim Markets 125.60 Overweight
Bupa Arabia for Cooperative 137.60 Overweight
Abdul Mohsen Al-Hokair Group 40.50 Overweight
Saudi Telecom Co. 68.90 Overweight

Markets Today Quick Links


Get all the latest updates about the GCC & Global Markets directly to your email