Dubai Holding unit to seek extension on loan repayment
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Dubai Holding unit to seek extension on loan repayment

Dubai Holding unit to seek extension on loan repayment

Dubai Holding Commercial Operations Group, a real estate and hospitality group, is to seek an extension on a $555m revolving credit line until November 30, Bloomberg has reported, citing three bankers with knowledge of the decision. All lenders to the group agreed to extend the facility, said the bankers, who declined to be identified because the details haven't been made public. The company reported a full-year loss of Dhs22.8bn ($6.2bn) on June 1.

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