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Dubai World planning to meet creditors next week
Government-owned Dubai World is planning…
December 2, 2009 12:00 by kippreport
Government-owned Dubai World is planning to meet its main creditors next week to discuss a delay in its debt payment, reports Reuters. Standard Chartered, HSBC, Lloyds, Royal Bank of Scotland, Emirates NBD and Abu Dhabi Commercial Bank were on the creditors panel, a source told the agency.
The meeting will be the first formal gathering between the company and its lenders since Dubai announced a six-month debt standstill for Dubai World and Nakheel on November 25.