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

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Amlak shareholders to meet Sept.21 on restructuring plan

Dubai mortgage lender Amlak Finance said on Wednesday that it would hold a shareholder meeting on Sept. 21 to discuss its restructuring plan and a proposed issue of equity-linked bonds.

Creditors of the company, whose shares have been suspended since late 2008 after it was hit by a real estate price drop and the global financial crisis, last month approved a plan to restructure debts worth around $2.7 billion.-By Reuters. Read More>>>

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