Dubai International Capital (DIC) should complete the sale of the two main assets remaining in its portfolio within 18 months, which will provide it with cash to cover its outstanding debt well ahead of scheduled repayment in two years.
Dubai International Capital (DIC), the private equity arm of Dubai Holding, has completed the sale of Mauser Group, a leader in industrial packaging to US-based private equity firm Clayton, Dubilier & Rice for about $1.7 billion.
Dubai Internet City, an ICT cluster, and the Dubai Outsource Zone, a freezone dedicated to the outsourcing industry, have welcomed 181 new companies last year.
DIC and DOZ are a part of Tecom Investments and ar
The private equity arm of Dubai Holding, which is owned by the emirate's ruler, is considering the sale of German packaging group Mauser, three sources aware of the matter said.
The deal is seen fetching between 1 billion euro
The private equity arm of Dubai Holding, which is owned by the emirate's ruler, is planning to sell its minority stake in a luxury retailer backed by Swatch, four banking and industry sources aware of the matter said.
Dubai-based Tecom Investments has appointed Majed Al Suwaidi as managing director of Dubai Internet City (DIC) and Dubai Outsource Zone (DOZ).
Al Suwaidi will be responsible for furthering the success of DIC and DOZ and will work
Etihad Rail, the developer and operator of the UAE’s national railway network, has signed a Memorandum of Understanding (MoU) with Dubai Industrial City for the development of a rail terminal within the City.
Signed by Dr Na
Dubai International Capital (DIC), the private equity arm of Dubai Holding which restructured $2.5 billion debt in April, sold its stake in a $300 million Middle East North Africa infrastructure fund to Islamic investment firm
Dubai Holding today announced that Dubai International Capital (DIC), its private equity investment arm, has reached a final agreement with its lenders regarding the restructuring of approximately $2.5 billion of liabilities.
Under the ter
Dubai Industrial City (DI), a leading manufacturing area and a member of Tecom Investments, has launched the second phase of its warehouse and showroom development worth $204.21 million.
The new phase, which will offer state-of-the-art sto