Welcome to Dubai International Capital’s media centre, an online resource for investors and media to learn more about Dubai International Capital and see the news releases and articles in the media.

• 3rd November 2010

  KEF Holdings Awarded for Business Excellence at MRM Business Awards

  Dubai International Capital (‘DIC’), the international investment arm of Dubai Holding, announces that KEF Holdings, the UAE-based manufacturer of steel castings and valves that is 45 percent-owned by DIC, has won the prestigious Mohammed bin Rashid Al Maktoum Business Award (MRM) in the UAE Free Zones Manufacturing category. The MRM Business Award was presented to [...]

• 20th September 2010

  Court Confirms DIC-led Refinancing Proposal

  Dubai International Capital LLC (‘DIC’), the international investment arm of Dubai Holding, announces that the Bankruptcy Court for the Southern District of New York today confirmed the Almatis Group’s amended plan of reorganization sponsored by DIC. DIC is confident of a strong future for Almatis which has performed strongly since rebounding from the global downturn, generating [...]

• 4th August 2010

  DIC CEO Comment on Approval of DIC-led Refinancing of Almatis Group

  Anand Krishnan, Chief Executive Officer of DIC, commented: “We are delighted to have secured a fully committed refinancing of the Almatis Group, ending the uncertainty that the business and its stakeholders have faced over the past 18 months and bringing a positive conclusion to the Chapter 11 process. All stakeholders now support a smooth refinancing [...]

• 4th August 2010

  Almatis Group Receives Authority to Enter Into Plan Support Agreement and Execute Related Commitment Letters

  The Almatis Group announced today that it has received authority to enter into a Plan Support Agreement with DIC and certain holders of the second lien, mezzanine and junior mezzanine debt of the Almatis Group. The Plan Support Agreement paves the way for the Almatis Group, before the end of the [...]

• 13th June 2010

  Dubai International Capital Statement Regarding Board of Directors

  Following the Sunday Times story this morning, Dubai International Capital (“DIC”) confirms that its Board was dissolved in January 2010 by its parent company, Dubai Holding, in order to implement a new governance structure. DIC is currently under the direct supervision of Dubai Holding. All sub-committees of the DIC board including investment and audit committees [...]