"Financial property" It announces the full and early payment of the facilities due for the financiers
Dubai, July 24 / WAM / Amlak Finance Company announced today its early and full payment of the facilities due to the financiers, since the initial restructuring under the joint conditions agreement in 2014, as it succeeded in settling its obligations of 10.2 billion dirhams with a total of 29 financiers.
According to the statement issued by the company and published on the Dubai Financial Market website as well, as of July 24, property has fully and final property, which was to be settled by contracting by October 2026, where the total remaining amount of 898 million dirhams to the remaining six financiers paid, and this step is pivotal towards the official exit process of the terms of conditions Shared.
The company stated that the settlement of financial facilities during the past years was one of the most prominent challenges it faced, and that the board of directors and the company’s administrative team made exceptional efforts in this context, represented in effective communication with the financiers and the settlement of obligations.
According to the company, this achievement has been strengthened through a series of strategic steps, including selling some of the company owned by the company, which is in line with the company’s long -term vision and contributed to the early payment of the financiers.
Aref Al -Bastaki, CEO of “Amlak Finance”, said: Our success in early payment and fulfillment of our financial obligations before the specified date is a pivotal moment in the “Amlak” march, and there is no doubt that this achievement does not only emphasize our commitment to a strong financial framework, but also reflects our commitment to fulfill our promises, so that we can move forward on our business journey.
He added: We follow a strategic path that is not only limited to strengthening our financial situation, but also allows us to focus on opportunities that enable us to achieve growth, and this path represents an important step to move forward in a process of transforming us into a more flexible and focused company.
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