Dubai-Mubasher: Dubai-based Limitless will make an early payment of AED 2.07 billion ($563.6 million) to banks and trade creditors this month, after the conclusion of its restructuring agreement with lenders.
The payment will cover the first installment and 80% of the second, according to a statement.
The real estate developer has to pay its outstanding bank debt of AED 4.45 billion in three installments in December 2016, 2017 and 2018.
