Dubai World's lenders have rolled over a pending $1.2bn loan payment for its Limitless property unit, Reuters has reported, citing people familiar with the matter. The Islamic loan to Limitless World is due next month. 'It's going to get rolled over, just like everything has been rolled over for months,' a source told the news service. 'Hundreds of millions, billions, at the Dubai World level and at Nakheel has come due and all of that has been rolled.'
Subscribe to MEED to receive your choice of premium newsletters
 |
 |
 |
 |
Identify and track projects across the Middle East and North Africa through MEED Projects. Subscribers can track projects, conduct trend analysis, forecast, produce strategic reports and ultimately win new business.
Middle East data, research and analysis - from broad macroeconomic statistics to specific sector data, MEED Insight can help you accurately and cost effectively forecast market growth and trends.
MEED Events provide high profile speakers, relevant and critical business content and the latest news from across the GCC. With a portfolio that includes large-scale summits, two-day industry specific conferences and unique networking opportunities.
Site powered by Webvision
Share
