Dubai – Mubasher: Deyaar Development announced that its board will hold its meeting on Wednesday, 28 December, after 2:00pm UAE time.
The board will discuss the proposed settlement with the Lagoons L.L.C. in relation to the plots owned by Deyaar, according to a bourse filing on Monday.
The meeting will also tackle bank facilities from Dubai Islamic Bank (DIB), the statement said.
In September, Deyaar deputy chairman said that the company's current investments amount to around AED 5.4 billion, distributed among several projects, led by the AED 2.8 billion Midtown project at Dubai Production City, and The Atria project, in Business Bay, with total costs of nearly AED 1.2 billion.
