Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Al Jaber in $4.5 Billion Debt Talks, National Says

Abu Dhabi-based Al Jaber Group is in the final stages of talks with creditors to restructure 16.5 billion dirhams ($4.5 billion) of debt, the National newspaper reported, citing people familiar with the talks.

Liabilities of the holding company, which has interests in construction, include between 7 billion dirhams and 7.5 billion dirhams of bank loans and overdrafts, and 8 billion dirhams of performance bonds and guarantees, the Abu Dhabi-based newspaper said. The company, which has assets of 18 billion dirhams, will sell 60 percent of its defense business, Al Jaber Land Systems, to Abu Dhabi defense group Tawazun Holding, the newspaper said.

Al Jaber declined to comment on the talks, according to a spokesman who asked not to be named in line with company policy.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.