Qatar Islamic Bank said on Thursday it had exposure to a Dubai World Islamic bond maturing in 2017 worth QR54m ($14.84m).
zoomDUBAI DEBTS: Dubai's state-owned conglomerate is restructuring debts worth $26bn. (Getty Images - for illustrative purposes only)
The lender is the first Qatari bank to announce its exposure to the Dubai state-owned conglomerate, which is restructuring debts worth $26bn.
"The financial impact currently will affect the negative investment fair value reserve," it said. "QIB will keep observing the situation and its financial consequences which will be disclosed accordingly." ($1=3.638 Qatari Riyals)
Link: http://www.arabianbusiness.com/575170-qatar-islamic-has-15m-exposure-to-dubai-world
"The financial impact currently will affect the negative investment fair value reserve," it said. "QIB will keep observing the situation and its financial consequences which will be disclosed accordingly." ($1=3.638 Qatari Riyals)
Link: http://www.arabianbusiness.com/575170-qatar-islamic-has-15m-exposure-to-dubai-world
0 Comments:
Post a Comment