restructuring plan Archives

Dubai’s ‘already robust’ property market receives another boost with DLD, municipality restructure

Written by Nabila Rahal

Fri 20 May 2022Tue 24 May 2022

Additional transparency and accountability as a result of these changes will bolster construction whilst ensuring that the emirate is in line with a sustainable growth model, experts told Arabian Business

Latest in restructuring plan

Crown Prince of Dubai

Sheikh Hamdan reviews plans to boost Dubai real estate, create private sector deals worth $2.72bn per year

Written by Anup Oommen

Thu 19 May 2022Thu 19 May 2022

The comprehensive restructuring plans for the Dubai Land Department and Dubai Municipality aim to improve operational efficiencies, promote public-private partnerships, ensure sustainable development, and maximise the emirate’s economic, tourism, and commercial potential

financial distress

Bahrain’s GARMCO reaches creditor agreement to continue operations

Written by Staff writer

Sun 16 Jan 2022Fri 14 Jan 2022

Gulf Aluminium Rolling Mill is one of first companies to benefit under Bahrain’s new bankruptcy laws

Drake & Scull International

Dubai’s Drake & Scull reports nine-month profit of $15.8m

Written by Staff Writer

Sun 14 Nov 2021Mon 15 Nov 2021

Contracting major, which is reaching the end of its financial restructuring, saw revenues drop to $30.2m

Drake & Scull International

Dubai’s Drake & Scull eyes restructuring plan approval ‘in the coming weeks’

Written by Staff writer

Wed 18 Aug 2021Wed 6 Oct 2021

Troubled company reveals a net profit of $21.2m in latest financial results for first six months of 2021

Drake & Scull International

Creditors of Dubai’s Drake & Scull set to vote on restructuring plan by end of April

Written by Staff writer

Mon 1 Mar 2021Wed 6 Oct 2021

Contracting major holds meetings with creditors to present its plan for the future

Drake & Scull International

Dubai’s Drake & Scull says it’s business as usual despite restructuring

Written by ITP

Tue 22 Dec 2020Wed 6 Oct 2021

Troubled contractor invites creditors to meeting next month when restructuring plan will be voted on

Abraaj downfall

Abraaj scandal: the world’s largest private equity insolvency

Written by ITP

Tue 16 Jun 2020Wed 6 Oct 2021

Liquidators overseeing Abraaj Group’s insolvency now estimate chief executive officer Arif Naqvi’s alleged theft to have cost the firm $385 million, an amount significantly more than what prosecutors claimed.