Published: Sep 28, 2014
Source: Emirates 24|7


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Amlak's shareholders back debt restructuring

Shareholders of Dubai's Amlak Finance met for the first time in more than six years on Sunday and backed a key component of the mortgage provider's $2.7 billion debt restructuring deal.

Amlak's future has been in the balance for years. Its shares have not traded since November 2008 when they were suspended in the wake of the global financial crisis and a local real estate crash, and a number of attempts to revive the firm since then have failed- By Reuters. Read more>>>

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