Dubai: Shaikh Ahmad Bin Saeed Al Maktoum, Chairman of the Dubai Supreme Fiscal Committee, yesterday said government-owned Dubai Holding does not have financial troubles.
"Dubai Holding doesn't have any problem," he told reporters after the annual general meeting of Alliance Insurance
The real estate, hospitality and financial investments company last month said it would be restructuring $20 billion (Dh73 billion) worth of debt, according to a Financial Times report.
Roll over
It said would be planning to roll over loans in the coming months, after already having received at least $1 billion from Dubai Financial Support Fund.
"If there is anybody we can support, we will. But every other business related to Dubai is doing well," Shaikh Ahmad said.
The restructuring announcement came after Dubai World signed the long-awaited restructuring proposal to its lenders, offering to pay off all its debts.
