Amlak debt slashed by Dh4 billion
Sultan bin Saeed Al Mansouri, UAE Minister of Economy, has disclosed that the government cut off Dubai-based mortgage provider Amlak Finance’s debt by Dh4 billion.
The debt was reduced through delaying debt as well as through the sale of company's land and the restoration and recovery of other land owned by the company, as well as coming up with financial solutions with a number of third-party creditors.
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