Dubai - Mubasher: DXB Entertainments plans to restructure loans of $1.15 billion, and is currently discussing the issue with banks, as reported by Bloomberg on Monday.

Dubai Islamic Bank (DIB), Abu Dhabi Commercial Bank, Qatar National Bank (QNB), are among the banks in talks with the company.

The funds were used to build a theme park in Dubai, however, visitor numbers missed expectations, which in return affected the company’s planned repayments, thus DXB aims at freeze payments for three years on the loan in signed in 2014.