Union Properties last month said it was starting arbitration proceedings to recover a Dh1.5 billion debt from a project completed a decade ago. Pawan Singh / The National
Union Properties last month said it was starting arbitration proceedings to recover a Dh1.5 billion debt from a project completed a decade ago. Pawan Singh / The National

Business

Union Properties in ‘final stages’ of debt restructuring

Company had borrowings of Dh1.8bn at the end of 2019, of which Dh1.4bn is due for repayment this year

The National

June 28, 2020