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Avanti Holding
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2008 · 2000s · UAE / International

Resilience

2008, Dubai, UAE, with the regional offices on the line: The chairman and finance team reviewing balance-sheet and cash-flow documents in a daylit Dubai meeting room during the 2008 restructuring. — Avanti Holding, Resilience.
Dubai's property market falls by half and the group answers with arithmetic rather than optimism: debt repaid ahead of schedule, land banked instead of flipped, no completed unit sold below cost. Every office runs one weekly cash meeting through the downturn — the discipline that carried every division that followed.
Date
Location
Dubai, UAE, with the regional offices on the line
Pictured
The chairman, group CFO and the finance and treasury team

The global financial crisis reshapes the group. Leverage is cut, operations are rebuilt around cash discipline, and the ownership horizon extends to decades.

Subject · Balance-sheet restructuring during the crisis

Source · Documentary recreation · Avanti HoldingDocumentary recreation commissioned by Avanti Holding — not an original archive photograph

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