First Abu Dhabi Bank to auction Al Jaber's Dubai Shangri-La hotel: sources
The auction by First Abu Dhabi Bank, which is the main lender for the Shangri-La hotel, marks a first step by creditors to recover funds
Reuters News - 09-Jan-2020
Al Jaber Group
Also known as: AJC, AJG Last updated on: 23 November 2017
fast facts
Business SummaryHolding company with interests in civil and electromechanical contracting for commercial buildings, offshore, heavy and infrastructure projects; provides engineering consultancy, catering, pest control, landscape, machinery leasing, waste management, heavy lifting, water freight, chartered air transportation, real estate property management and automotive services including upgrade, modernization, design, production, support and services program; manufacture of hydraulic systems, air filters, fiber glass pipes, weaponry products, paints and coating, glass products, steel structure, metal storage tanks, aluminum composite , sandwich panels, marble, granite, road traffic signs, lumber, wood, prefabricated buildings, automotive spare parts, ready mix concrete, cement and salt; distribution of ceramics and sanitary wares, bitumen, indoor and outdoor lighting fixtures; ownership and operation of a hotel, eyewear and optical goods retail outlets; offers epoxy coating and facilities management services; provides foreign exchange and money transfer services.Country of IncorporationUAEOwnership TypePrivateEstablished In1970Primary SectorConstructionLatest News
financial services
UAE’s Al Jaber agrees to second restructuring of $1.5bln
Al Jaber will seek to raise about $444million from asset sales by the end of 2020
Banker Middle East - 04-Jul-2019DSI announces the appointments of Chief Financial Officer, Chief Legal Officer and Chief Restructuring Officer
Khaled Jarrar as Group Chief Financial Officer, Mohamed Ghanem as Chief Legal Officer and Mike Grant as the Chief Restructuring Officer
Press Release - 19-Feb-2019UAE's Al Jaber Group agrees to $1.6bln debt restructuring - sources
Under the deal likely to be implemented by the end of March, Al Jaber will reduce debt throught asset sales and a discounted debt buyback mechanism
Reuters News - 20-Dec-2018UAE's Al Jaber Group close to $1.6bln debt restructuring- sources
Company expects to seal the deal this month, said sources
Reuters News - 01-Feb-2018Contact details
Primary address
Al Jaber Group BuildingPetroleum Services Area Plot 1 and 1A
2175
UAE
Abu Dhabi
Region
Abu DhabiCONTACT
- Tel: +971 2-555-4300
- Fax: +971 2-555-3370
- Email: aljaber@aje.ae
- www.aljaber.com
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