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24-04-14

Dubai Holding to repay USD319 m debt

(MENAFN) Dubai Holding Commercial Operations Group (DHCOG), a unit of Dubai Holding, plans to repay USD319.3 million debt next month, 18 months earlier than the debt is due, according to the Emirates 24/7. The company said it will repay the debt on May 31, which is the remainder of a USD555 million facility maturing in December 2015, In 2013, the Group posted more-than-tripled annual profit compared to a year earlier. Hotel group Jumeirah, business park Tecom Investments and Dubai Properties Group are all part of the Group's business which it runs in the UAE.