Tuesday, 16 January 2018 09:57 GMT

Dubai World repays USD284m to creditors

(MENAFN) Dubai World has prepaid USD284.5 million to creditors under its USD25 billion debt restructuring plan, Arabian Business reported

The group acquired the money for the repayment through asset sales, a source said

Cash raised through asset sales over USD300 million is to be distributed to creditors as early repayments, the terms of the restructuring deal dictates

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