Financial and Banking News
REGIONAL BANKING
A.W. Galadari Debts Partly Settled
The officially appointed receivership which is liquidating the assets of Abdul Wahab Galadari in Dubai last week made a 75% payment to creditors, totalling Dhl,180mn ($321mn). Creditors of A.W. Galadari Holdings Private Ltd received Dh866.5mn, or 70% of their outstanding claims. Dh309mn was paid to creditors of Galadari Property Development Company, representing 100% of their claims, Dh2.9mn was paid to...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!