• Support comes through Dubai Financial Support Fund
  • Support ensures that Dubai World and Nakheel key contributors to economic future of Dubai, UAE
  • Funding includes $5.7 bln remaining from previous loan made by government of Abu Dhabi, internal Dubai resources
  • Govt offering to recapitalise Dubai World through the equitisation of the government’s $8.9 bln claim and a commitment to fund up to $1.5 bln in new funds
  • Trade creditors will be offered a significant cash payment shortly and a tradable security
  • Government to recapitalise Nakheel
  • Government offering to inject approxiametely $8 bln in new funds to Nakheel. Nakheel 2010, 2011 sukuk to be paid in full as they fall due. Payout depends on getting sufficient support for proposal.
  • Restructuring process is expected to take several months to implement
  • After restructuring no more money for Dubai World in the future
  • Nakheel projects will have “new direction” with phased implementation