MUR
MUR
MUR - Murray & Roberts Holdings Limited - Probable dubai debt moratorium
MURRAY & ROBERTS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1948/029826/06
JSE Share Code: MUR
ISIN: ZAE000073441
("Murray & Roberts")
PROBABLE DUBAI DEBT MORATORIUM
Murray & Roberts has noted the recent request by Emirate of Dubai state-owned
developer Dubai World and its subsidiary Nakheel, for a temporary suspension of
debt repayments.
The only contract to which Murray & Roberts was exposed with Nakheel was Trump
Tower. This contract was terminated and all accounts settled in full within the
previous financial year.
Murray & Roberts and its partners (HMRT Joint Venture) continue to progress
final account settlement of the Dubai International Airport Terminal 3 and
Concourse 2 Project for Dubai government`s Department of Civil Aviation. While
progress remains slow, the HMRT Joint Venture is confident of its rights under
the contract and will pursue such rights as appropriate.
Bedfordview
27 November 2009
Sponsor:
Deutsche Securities (SA) (Pty) Ltd
Date: 27/11/2009 07:09:14 Produced by the JSE SENS Department.
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