Mon, 2020-03-30 02:33
DUBAI: Dubai-based property developer Limitless told its creditors last week that it is looking to appoint legal and financial advisers to work on a financial restructuring plan, a company document seen by Reuters showed.
Limitless, along with Nakheel, was among the biggest casualties of Dubai’s property crash and subsequent debt crisis that began in 2009.
The company, formerly owned by state investment vehicle Dubai World, was one of a number of entities in Dubai that were forced to restructure their debts.
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