Dubai World
Dubai World Announcement
Dubai World today announced the appointment of Istithmar World Chief Investment Officer Andy Watson to the position of Acting CEO, Istithmar World. Andy Watson replaces private equity investment specialist David Jackson who has resigned as CEO to pursue other opportunities. Andy Watson has an extensive background within the Dubai World group and was previously... »
Statement from Dubai World
Dubai World (“the Group”) has announced that it today held a meeting in Dubai with its creditor banks involved in the restructuring of the Group’s debt. The purpose of the meeting was to provide an update to the banks on the development of the Group’s restructuring plans as it seeks to reach a standstill... »
Statement from Dubai World
Dubai World (“Dubai World” and/or “the Group”) welcomes the announcement today by the Government of Dubai to provide financial support to the Group, including full repayment of the Nakheel 2009 sukuk. This support provides funding and a stable basis for the restructuring process which continues. Dubai World will continue to work with financial creditors... »
Statement from Dubai World
Further to the announcement of 30 November 2009, Dubai World would like to announce that following further review, Drydocks World and its subsidiaries will not be included in the proposed restructuring process for Dubai World and its Real Estate related subsidiaries. Drydocks World has been in constructive dialogue with its lenders for several months... »
Statement from Dubai World
Dubai World (“Dubai World”) and its subsidiaries (the “Group”) would like to update their lenders on recent developments relating to their debt obligations. Following a detailed review of the Group’s liquidity and capital structure, Dubai World has concluded that it should immediately consider alternatives in respect of the debt obligations of certain entities within... »
Chairman HH Sheikh Ahmed Bin Saeed Al Maktoum