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|| Dubai private equity firm bought up $655 million debt of a stalled Omani real estate project

Essdar-capital-Blue-cityDubai private equity firm Essdar Capital bought up $655 million of the class A debt in Blue City, an Omani real estate project in a distressed real estate deal.

Essdar's shareholders together with their affiliates and investors include Middle Eastern private royal wealth funds, sovereign wealth funds and institutional investors with substantial investments in the global markets.

Essdar Capital is listed in the Middle East Investors Directory with the code SIN47.

Their full press release follows

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