Ferrari theme park developer may extend debt maturities

Dubai

ALDAR Properties PJSC, Abu Dhabi's largest developer and the builder of a Ferrari theme park, is considering extending maturities on parts of its 6 billion dirhams (S$2.3 billion) of debt.

The debt, which fell from 9.1 billion dirhams a year ago, includes loans due from 2016 to 2019, Chief Financial Officer Greg Fewer told reporters on a conference call on Monday. The rest is a US$750 million Islamic bond, or Sukuk, due in 2018.