Diversified Financial Services
Company Overview of Dubai Group
Dubai Group, a diversified financial services company, engages in banking, investment, and insurance businesses in the Middle East, North Africa, the European Union, North America, South East Asia, China, and the Indian subcontinent, as well as Central, East, and South Africa. It operates private banks in Dubai, Bahrain, and Pakistan to provide wealth management solutions to high-net-worth individuals and institutional investors; investments in halal living, healthcare, hospitality, and other investments sectors; and a private brokerage company. The company also operates a real estate asset management company that provides investment sourcing and origination, underwriting and financial analy...
Sheikh Zayed Road
P.O. Box 213311
United Arab Emirates
Founded in 2000
Key Executives for Dubai Group
Acting Chief Executive Officer of Dubai Financial Group
Chief Executive Officer of Dubai Bank and Banking Group
Managing Director of Corporate Governance
Compensation as of Fiscal Year 2014.
Dubai Group Key Developments
Dubai Group Inks Debt Restructuring Agreement
Jan 27 14
The Dubai Group inked a debt agreement worth USD 6 billion with all its financial lenders for restructuring bank facilities and additional related party debt worth USD 4 billion has been subordinated to the bank creditors' claims. Lenders have agreed to extend the secured debt's maturity to December 2016, while for partially secured and unsecured loans, it has been extended to December 2024.
Dubai Group Agrees on $10 Billion Debt Restructuring Deal with Creditors
Jan 24 14
Dubai Group, a unit of indebted Dubai Holding owned by the emirate's ruler, reached a final deal with creditors to restructure $10 billion worth of debt, ending nearly three years of painstaking negotiations. Lenders agreed to restructure about $6 billion of bank facilities while a further $4 billion of debt owed to trade creditors will be repaid after bank creditors are satisfied. The deal will help boost investor confidence in Dubai's ability to meet its sovereign obligations and the ones of its related entities. The emirate's status has gradually improved over the past three years, a trend which was reflected in strong investor sentiment towards Dubai's recent sovereign bond issues.
Dubai Group Inks $10 Billion Debt Restructuring Agreement
Jan 20 14
Dubai Group LLC on Jan. 15 signed a $10 billion debt restructuring deal. Lenders to the unit of Dubai Holding, which include Natixis and Emirates NBD Bank PJSC, need to sign and return an amended intercreditor agreement in the next few days. The agreement removes references to the loan facility secured against Dubai Group's 30.5% holding in Bank Islam Malaysia Bhd., which was sold in December 2013.
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