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September 01, 2015 12:47 AM ET

Diversified Financial Services

Company Overview of Dubai Group

Company Overview

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...

Emirates Towers

Level 30

Sheikh Zayed Road

P.O. Box 213311

Dubai,  

United Arab Emirates

Founded in 2000

Phone:

971 4 3300707

Fax:

971 4 3303260

Key Executives for Dubai Group

Chief Executive
Age: 33
Chief Financial Officer
Age: 48
Acting Chief Executive Officer of Dubai Financial Group
Chief Executive Officer of Dubai Bank and Banking Group
Age: 53
Managing Director of Corporate Governance
Compensation as of Fiscal Year 2015.

Dubai Group Key Developments

Dubai Group Inks Debt Restructuring Agreement

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

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

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.

Similar Private Companies By Industry

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Cronimet Mercon Invest Limited Middle East/Africa
CB Richard Ellis Investors Middle East Limited Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 22, 2014
Scotts Spazio Pte Ltd
 

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