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DHIG extends $1.2bn loan until 2020

Dubai Holding Investment Group (DHIG), the investment unit of Dubai Holding, has extended until 2020 the repayment of a $1.2bn loan, following moves by other state-linked firms, who have promised full repayment of debt by extending maturities, Reuters has reported, citing a banker familiar with the deal. The loan is related to DHIG's acquisition of a 9.9% stake in US hedge fund Och-Ziff Capital in 2007, the banker said. DHIG bought the stake for $1.25bn.