Dec 01 2009 |
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Rasameel Calls for the formation of GCC/MENA Creditor Group of Nakheel & Dubai World
[01 December 2009] - Kuwait - Rasameel Structured Finance Company (" Rasameel "), a leading Kuwaiti based Islamic structured finance investment company has announced that in response to the Government of Dubai's and the Department of Finance's press release dated 25 November 2009, it proposes to create and co-ordinate a working group of all GCC & MENA capital market creditors of Nakheel and Dubai World to ensure a unified position is presented to the Dubai Financial Support Fund ("DFSF") and the Chief Restructuring Officer ("CRO") in respect of GCC/MENA capital market creditors.The key objectives of the working group will be to, inter alia:
1. Create a unified platform for addressing the interests of the GCC/MENA creditors with the DFSF and CRO.
2. Ensure an equitable settlement in the interests of all GCC/MENA capital market creditors is achieved.
All interested parties are requested to register with Rasameel by sending an email to: capitalmarket@rasameel.com.
- Ends -
About Rasameel
Rasameel Structured Finance Company (" Rasameel ") is an Islamic investment company established in January 2006 headquarter in the State of Kuwait. Rasameel is the culmination of a successful partnership between a group of independent, well-established companies prominent institutional and private shareholders. Rasameel is supervised by the Central Bank of Kuwait with a paid up capital of Kuwaiti Dinars 30 million, is focused primarily on providing a Sharia'h compliant asset securitization and debt raising structures. In addition, it provides risk management, investment system outsourcing and financial advisory services to a wide array of institutional investors and finance companies.
For further information, visit www.rasameel.com.
For more information, please contact:
RASAMEEL
Mr. Adam Macdonald
VP
Head of Structured Finance
Tel: +965 247 8800
Dir: +965 2225 2447
Fax: +965 2476600
email:capitalmarkets@rasameel.com
BPG PUBLIC RELATIONS
Kirsten Lange- PR Account Director
Tel: +965 2411676
Fax: +965 2492644
email: kirsten@batespangulf.com
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