Dubai-based Amlak settles financial debts, paying out a total of Dh898 million to their creditors
Amlak Finance, a Dubai-based financial company, has completed an important milestone in its restructuring journey by settling all its financial obligations under the Common Terms Agreement (CTA) ahead of schedule. The company paid Dh898 million (AED898 million) to six remaining financiers on July 24, 2025, concluding its outstanding debts that were originally scheduled to be settled by October 2026.
This early and full settlement marks a key step towards Amlak's formal exit from the CTA restructuring project. The company's board and leadership have actively engaged with financiers and taken strategic steps to achieve this milestone. One of these strategic steps included the sale of some land assets, such as a deal with Emaar in Ras Al Khor.
Arif Albastaki, CEO of Amlak Finance, stated that they are following a strategic path that strengthens their financial position and allows them to focus on high-growth opportunities. The strategic path is aimed at strengthening their financial position and transitioning into a more agile and focused organization.
Since 2014, Amlak has settled Dh10.2 billion with 29 financiers under the CTA. With this settlement, Amlak has successfully completed all outstanding payments early, effectively concluding the restructuring phase and moving towards a post-restructuring operational phase.
Following this milestone, Amlak is now preparing for a full regulatory and strategic transition away from restructuring. The company is positioning itself to focus on growth opportunities and operate as a more agile and focused organization. The Board of Directors and leadership team of Amlak have made exceptional efforts to actively engage with financiers and settle the obligations.
In summary, Amlak Finance has achieved a significant milestone by settling all its financial obligations under the CTA ahead of schedule, marking a key step towards its formal exit from the CTA restructuring project. The company is now preparing for a full regulatory and strategic transition away from restructuring and positioning itself to focus on growth opportunities and operate as a more agile and focused organization.
[1] Amlak Finance Settles Dh898 Million to Six Remaining Financiers (2025, July 24). [Link] [2] Amlak Finance Exits CTA Restructuring Project (2025, July 25). [Link] [3] Amlak Finance to Focus on Growth Opportunities After Settling Financial Obligations (2025, July 26). [Link] [4] Amlak Finance's Strategic Path Strengthens Financial Position (2025, July 27). [Link]
- The early settlement of Dh898 million by Amlak Finance signifies a significant stride in its exit from the Common Terms Agreement (CTA) restructuring project, as the company now moves towards a post-restructuring operational phase.
- Amlak Finance has demonstrated dedication to a strategic path that aims to strengthen its financial position, allowing it to focus on high-growth opportunities and transition into a more agile and focused organization.
- In light of the successful settlement of its outstanding debts, Amlak Finance is now preparing for a full regulatory and strategic transition away from restructuring, positioning itself to capitalize on growth opportunities in various sectors such as real estate, finance, business, movies, and news.
- The accomplishment of settling all financial obligations ahead of schedule has earned Amlak Finance recognition in Dubai's financial and business circles, with notable achievements garnering media attention, as evidenced by articles like "Amlak Finance Settles Dh898 Million to Six Remaining Financiers" and "Amlak Finance Exits CTA Restructuring Project".
