Arrest warrant issued for Dubai tycoon
Complex Made Simple

Arrest warrant issued for Dubai tycoon

Arrest warrant issued for Dubai tycoon

A Dubai court has issued a warrant for the arrest of the former CEO of Abu Dhabi-based Hydra Properties for having failed to pay a debt of more than Dhs8m, the National has reported. The warrant was issued last Thursday after a ruling against Sulaiman al Fahim by the Dubai Property Court in January last year in connection with a property dispute. An investor from Azerbaijan demanded to be repaid after a development by Mr al Fahim's company, Al Buraq Development and Investment, failed to go ahead in Dubai, court documents show.

    Author
    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

    © 2021, ADigitalcom. All rights reserved