Amlak Finance Redeems More of Mubadala Debt

Posted on 12/02/2017

Dubai-based Amlak Finance PJSC, an Islamic mortgage provider, has redeemed another 100 million AED (US$ 27 million) worth of debt of a total borrowed 1.3 billion AED. Mubadala had lent Amlak Finance 1.3 billion AED. The redemption action was prompted as part of a debt restructuring. Post-action, Amlak’s total redemption equates to 309 million AED. […]