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Meraas Leisure and Entertainment

Meraas Leisure and Entertainment latest

DXB Entertainments Wins Approval for $1.17 Billion Meraas Debt Swap
March 11th, 2021 - 08:00 GMT

DXB Entertainments Wins Approval for $1.17 Billion Meraas Debt Swap

DXB Entertainments , a leading Dubai-based leisure and entertainment company and operator of emirate's major theme parks, said it has won approval from shareholders to transfer AED4.3 billion ($1.17 billion) debt to UAE developer Meraas Leisure and Entertainment in exchange for 53 billion ordinary share. The go-ahead for the Meraas debt conversion came from the shareholders at the company's general assembly on March 9. As per this, DXB Entertainments will ...
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